The interviewed financiers warned the world economy about too many “bubbles”, which could subsequently “collapse” and it will lead to the worsening of the current crisis.

Experts blame the central banks of different countries for “blowing bubbles”, primarily the US Federal Reserve and the ECB. Most of them in recent months have embarked on a course of easing monetary policy through quantitative easing programs that provide for the purchase of government and corporate bonds.

Such actions have two goals: to reduce profitability in the borrowing market and to inject additional liquidity into the banking system so that its participants can lend to the economy. For example, last year, the Fed announced the start of a virtually unlimited easing program (in addition to other aid programs totaling $2.3 trillion), and the ECB launched similar measures for 1.85 trillion euros.