In Europe, the yields on government bonds are comparatively low even today. Doubts similar to yours have also been expressed by Jens Weidmann, President of the Bundesbank. In the Governing Council, however, there is a majority in favour of the plans announced by Draghi. Do you not fear that the German representatives at the ECB are yet again adopting a dangerous minority position?
There is little point, in my view, to speculate about majorities in the Governing Council before the discussion of the design of a purchase programme has even taken place. Moreover, this is not about German positions.