Volker Wieland on the ECB monetary policy and the situation in Greece and Italy (CNBC)

On the ECB Forum on Central Banking Professor Volker Wieland talked about the bond purchases of the European Central Bank (ECB) as well as the stagnating reform process in Greece and the situation in Italy.

In an interview with CNBC, Professor Volker Wieland talked about the ECB's decision to increase its bond purchases. Regarding ECB president Mario Draghi calling on euro zone countries to reform their economies, Volker Wieland considered the reforms of the Greek government als going backwards. He pointed out that Italy remained a concern in the euro zone and should use the opportunity provided by monetary policy to enact reforms. "This would be a good time to really push through serious structural reforms", he said.

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