According to Wieland, an interest rate level of 1.5 percent is not yet appropriate. "By contrast, I think it is likely that interest rates will have to rise higher," he said. In the discussion about new instruments with which individual countries can be specifically supported, Wieland referred to the OMT program. He said it already allows the ECB to buy bonds of individual countries in a targeted manner. "However, this is tied to conditions for their fiscal policy within the framework of an ESM program." New proposals aim to allow aid without conditions, he said. "This is fatal."
Handelsblatt: "EZB sollte eher zu früh als zu spät reagieren"