Volker Wieland warns against premature stimulus program due to coronavirus (Frankfurter Allgemeine Sonntagszeitung", T-online-News)

According to Prof. Volker Wieland, at the moment there is no need to agree on a stimulus package in order to mitigate the economic effects due to the coronavirus. He neither supports an intervention of the European Central Bank (ECB).

In Wieland's view, it would be much more appropriate to gain more clarity about the restrictive measures for Germany. However, this would be up to the health ministry, he said in an interview with the news portal T-online.

Wieland was also skeptical regarding the ECB's role. "The ECB's instruments cannot directly influence the economic effects of the spread of the coronavirus," Wieland said.

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