As vaccination progresses, the Corona crisis should be subsiding by then, and the volume of the emergency purchase program PEPP would not have to be fully utilized. Wieland went on to say that the ECB could not assume responsibility for the financing conditions of the member states in the long term.He expects that the ECB will not have to exhaust the volume of the PEPP, but fears that the central bank may be pressured to invest the full volume of 1850 billion euros, to the extent that a halfway plausible justification can be found.
Neue Zürcher Zeitung: "Die EZB tritt das Gaspedal voll durch: Währungsbehörde will umstrittene Anleihekäufe vorerst weiter forcieren"