Seven years after Mario Draghi’s heroic “whatever it takes” speech, the European Central Bank needs to find new ways to reaffirm its ability to act.
Critics of Christine Lagarde’s nomination as future ECB President argue central banks should be only led by academics and technocrats, not politicians. They are wrong.
20 years after the creation of the euro and 10 years after the burst of the financial crisis, it is time to carry out a comprehensive review of the monetary policy strategy of the European Central Bank.
The European Central Bank just revealed it made 61 billion euros of profits out of its intervention in crisis hit countries such as Greece, Italy, Spain, Ireland and Portugal.