IFO calls ECB move ‘illegal’

Author: Adam Button | Category: Central Banks

IFO economic institute president Sinn is criticizing the ECB QE announcement in a statement. He said it’s “illegal” monetary state financing and that top courts should scrutinize the decision.

Those are harsh words but it’s not a big surprise. IFO is German and has long-criticized the idea of sovereign QE.

The key statement we’re waiting for is from the Bundesbank.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose