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Mere criticism of the ECB is no solution

Fratzscher, Marcel, Gropp, Reint , Kotz, Hans-Helmut, Krahnen, Jan , Odendahl, Christian, Weder Di Mauro, Beatrice,  Wolff, Guntram B., (2016), “Mere criticism of the ECB is no solution”, Bruegel, 10 April

The eurozone remains in a deep, largely macro-economic crisis. A robust global economy and falling oil prices have supported Europe’s economy for some time, but by now it is clear that the eurozone will only be able to pull itself out of this crisis by means of more decisive action. One response, the recent easing of monetary policy by the European Central Bank (ECB), has, for the most part, been sharply and one-sidedly criticised in Germany. Monetary policy inaction seems to be the preferred option of many in Germany.

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