Former ECB chief economist Jürgen Stark speaking with German press (Welt)

  • "The ECB has become a prisoner of its policy. Governments and financial markets depend on it. It has thus become a risk to financial stability"
  • "The biggest challenge will be to paralyze the next economic downturn or the next crisis monetary policy. To do so, the ECB would have to move a considerable step towards normalcy, both in terms of interest rates and balance sheet volume. But do you have the time for that? "

Link is here for more (in German)