German finance minister, Wolfgang Schaeuble, believes low interests and quantitative easing are feeding a number of asset bubbles that are now dangerously close to bursting.

"All experience of economic history tells us that such situations lead to bubbles," he added, noting that in developed economies low interest rates are pushing investors into riskier markets including real estate.

Schaeuble is also critical of the International Monetary fund recommendation for the ECB to start quantitative easing in an attempt to increase inflation across the 18 member Eurozone

Germany has always been against loose monetary policy measures such as quantitative easing and low interest rates.