New legal research shows the European Central Bank a legal obligation to integrate environmental protection into monetary policy.
If the Greek crisis is over, why is the European Central Bank still excluding Greece from quantitative easing?
Through its peculiar “Securities Market Programme”, the European Central Bank generated billions of profits for creditor Member States such as France and Germany. Our research shows that nearly €8 billion have been lost for Greece.
Switzerland’s recent referendum on sovereign money is a demonstration that the monetary system change cannot happen in one go. Education, cultural shift and political support are all necessary preconditions to achieve meaningful reforms.
Despite the supposed end of quantitative easing in December 2018, future reinvestments mean the ECB will purchase at least another 180 billion euros of bonds in 2019.