As already mentioned in "Wirtschaftswoche", according to Volker Wieland it is not necessary to start a large-scale bond buying program in reaction to the decreasing oil price. The ECB should not only look at deflation risks but should also take into account that governments might tend to procrastinate necessary reforms because of quantitative easing, "Wallstreet online" cites Volker Wieland.
("Das sagen Experten zu möglichen EZB-Staatsanleihekäufen" - Wallstreet online)