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MNI INTERVIEW: Gov't Spending Limits ECB Easing Space- Wieland

Ex-German "Wise Man" speaks about the ECB and the German economy.

MNI (LONDON) - High levels of government debt and spending have pushed up the neutral rate of interest, leaving the European Central Bank little room to ease monetary policy, former German Council of Economic Experts member Volker Wieland told MNI.

European Union public debt-to-GDP ratios are likely to grow even more in coming years, even in traditionally fiscally-conservative Germany, said Wieland, now Chair of Monetary Economics at the Institute for Monetary and Financial Stability in Frankfurt.

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MNI (LONDON) - High levels of government debt and spending have pushed up the neutral rate of interest, leaving the European Central Bank little room to ease monetary policy, former German Council of Economic Experts member Volker Wieland told MNI.

European Union public debt-to-GDP ratios are likely to grow even more in coming years, even in traditionally fiscally-conservative Germany, said Wieland, now Chair of Monetary Economics at the Institute for Monetary and Financial Stability in Frankfurt.

Keep reading...Show less