Currency and Financial Markets Europe

The ECB must open itself up

Published in Financial Times (10th of June 2013)

On Tuesday, the conflict between the European Central Bank and the Bundesbank will turn into a showdown before the German constitutional court on the legality of eurozone policy decisions. No matter how the court eventually rules, the case is straining a difficult relationship. It is time to defuse this eurozone time bomb. As one of 17 national central banks, the Bundesbank is part of the eurosystem headed by the ECB. The current … [continue reading]

Read more