Volker Wieland urges ECB to change monetary policy ("Handelsblatt", "Börsen-Zeitung")

Ahead of the first meeting of the Governing Council of the European Central Bank (ECB) in 2016, Professor Volker Wieland sees no need for further expansion of monetary policy.

If the ECB is providing conditions that are favourable for financing, the governments do not see any need to implement reforms, he said in an interview with "Handelsblatt". Instead of pumping 60 billion euros into the system every month by buying bonds or even increasing this amount, the ECB should rather slow down its bond-buying program or end it earlier than exptected, he appealed to the central bank as "Börsen-Zeitung" wrote. "Printing money does not lead to sustainable growth".

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