Volker Wieland presents annual report of Council of Economic Experts ("Börsen-Zeitung")

At the moment, Germany is in a good position economically. However, Volker Wieland is concerned that Germany rests on the economic success and the good developments at the labor market, distributing social gifts and undoing reforms instead of strengthening them, as the financial daily "Börsen-Zeitung" summarized from the presentation of the Council of Economic Experts' annual report.

Whereas Spain had overcome the financial crisis by rapidly implementing reforms, Italy's exit from the euro area could not be excluded, Wieland said during the presentation.

Furthermore, Wieland was critical of the current monetary policy of the European Central Bank (ECB). Unconventional monetary policy only was able to help in the short run. In the long run, its effects could reverse.

Börsen-Zeitung: "Kurzfristig hui, langfristig pfui"

A summary of the presentation is available in the section "Working Lunches".