After the meeting of the Governing Council of the European Central Bank at the beginning of June, President Mario Draghi not only announced a cut in interest rates and a negative deposit rate but also a whole bunch of measure. However, many experts have doubts whether these measure will be effective.
"The ECB will not manage to steer the fine tuning of the lending. The risks of the excess liquidity remain", Volker Wieland said to "Handelsblatt".
