ECB: Independence at risk?

The extraordinary measures taken by the ECB to combat the financial crisis have led many observers to question whether the bank has put its independence at risk. The bank’s vow to do 'whatever it takes' to save the euro has added a second (and potentially contradictory) goal alongside its primary mission of achieving price stability. This expansion of the ECB mandate could expose the bank to national and European political demands, thereby endangering its prized independence.

[Full text of articles can be found in the Intereconomics Archive two years after the initial publication]

Intereconomics: Archive http://archive.intereconomics.eu/years/

ESO: Background information: ECB's Mario Draghi unveils bond-buying euro debt plan http://www.europeansources.info/record/ecbs-mario-draghi-unveils-bond-buying-euro-debt-plan/

---