This ECB policy inevitably leads to economic decline

The failure of the European Central Bank (ECB) is one of the all too frequent cases of political and bureaucratic failure that have become apparent recently.

This ECB policy inevitably leads to economic decline

The failure of the European Central Bank (ECB) is one of the all too frequent cases of political and bureaucratic failure that have become apparent recently. After the respite afforded by the inflation of the credit bubble in the first decade of this century, the ECB was tested by the euro crisis at the beginning of the second decade.

And she failed. Instead of maintaining price stability, its policy was aimed at preserving the euro.

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