Ex-ECB chief economist Issing: Bond buying is wrong policy

Ex-ECB chief economist Issing says that buying is a policy. government bonds are longer risk-free investment. Besides, the focus shouldn't be on the interest anchoring the economy but on interest rate financing the private sector. It is not clear me, for example, why a well-run company in should not have similar interest as a German one, even if the yields between the German Bunds and government bonds diverge. But moves with its argument at narrowing the interest rate differentials between the government of the Member States...When extinguished, it also the case that more water is better In the end, inflicted by the water be bigger than actual fire damage. Former European Central Bank chief economist Issing answering a question in an Welt the impact the ECB bond policy