In an interview with n-tv, Volker Wieland clarified whether low interest rates still have an effect and if they helped the southern countries out of the crisis.
On CNBC Volker Wieland described whether Mario Draghi had positioned himself in a tricky corner and whether there was a Japanese scenario.
"Volker Wieland, member of the German Council of Economic Experts, says the ECB should wait and see how the the TLTROs unfold before announcing other measures".