Explanations

Mario Draghi’s refutes criticism from Germany  “Monetary policy has been the only policy in the last four years to support growth” Just six weeks after the ECB announced a series of large-scale measures, expectations were not particularly high concerning this week’s Governing Council meeting. As it turns out, however, repeated statements by several members of the Merkel government and the Bundestag in recent days criticising ECB monetary policy and its allegedly harmful effects on
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