Attention, interest rate shock

As soon as the European Central Bank buys fewer bonds, turbulence threatens the financial markets. Nevertheless, the step is overdue.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).