Interview with Volker Wieland at the "The ECB and Its Watchers" Conference ("Mittagsmagazin")

At the conference "The ECB and Its Watchers", organized by the IMFS and the Center for Financial Studies, ECB President Draghi said that the ECB's policy stance was still appropriate. In an interview with "Mittagsmagazin", Volker Wieland criticized the monetary policy of the European Central Bank (ECB).

It was time to abandon the crisis modus. "With a view at the ECB's monetary policy of leaving interest rates low over a long time and buying bonds. we may wonder whether the ECB is not setting an incentive for crisis countries to procrastinate structural reforms", Wieland pointed out.

Contribution within Mittagsmagazin: "Is the ECB too powerful?" (starting at 34:55 min)