The decision of the ECB sends a strong and convincing argument that it is determined to pursue its mandate of price stability. The programme constitutes a necessary step to help end the European crisis. We don’t have to like the programme, but we should support it to give Europe a perspective for the future.
The size of the purchase programme sends a credible signal to financial markets, also as it exceeds expectations. The ECB rightly underlines the urgent responsibility of … [continue reading]Read more