"I don't see any need to start getting into business of TLTRO," he said. If there were banks that would love that those were probably banks in trouble. He emphasized that there were other instruments to deal with that. Wieland said: "There is no need to give Italian banks three years of cheap central bank financing to they can invest in Italian government debt, which is not helpful". He rather argued for stricter rules for government debt, introducing capital charges so that banks assess the risks associated with holding government debt.
OMFIF Podcast: Volker Wieland "Ahead of the ECB"