Gergo Motyovszki, (2020), “The right macroeconomic policies for a Europe saving too much“, Social Europe, 2 January
” A fierce debate is raging about European macroeconomic policy. German media increasingly attack the ultra-loose monetary policies of the European Central Bank (ECB), in defence of prudent savers, while former and current central bankers have criticised further unconventional easing. Beyond monetary hawks pushing for tight money, fiscal orthodoxy is resisting calls for loosening purse strings: the German government is reluctant to deviate from its schwarze Null policy of balanced budgets”.
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