Volker Wieland: "ECB is laying the ground for the next crisis" ("Münchner Merkur")

According to Volker Wieland, the sovereign debt crisis is not over yet. The low-interest rate policy of the European Central Bank (ECB) paves the way for the next crisis. In his view, it is time for the ECB to change its monetary policy stance.

"It is time to change the monetary policy and slow down and finally end the bond buying program", he said in an interview with the daily "Münchner Merkur". He sees interest-change risk at the financial markets.

Münchner Merkur: Interview with Volker Wieland:
"EZB schafft Grundlage für die nächste Krise"