Bloomberg News

Heise Doesn’t Favor ECB Widening Bond Buys, Tagesspiegel Reports

December 10, 2011

Dec. 10 (Bloomberg) -- Allianz SE Chief Economist Michael Heise said the European Central Bank shouldn’t massively widen its bond purchases, Tagesspiegel reported, citing an interview.

Heise said the ECB shouldn’t do anything that reduces the member states’ willingness to reform, the newspaper said.

The decisions made at the summit of European leaders in Brussels was a step toward “fiscal integration” while avoiding a “rash pooling of national debt,” Heise said, according to Tagesspiegel.

--Editor: Jon Menon

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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