In Draghi we trust: How unorthodox monetary policy weakened the anti-austerity movement in Europe

Soon after the sovereign debt crisis started taking a toll on European economies, several strikes and mass protests spread across the continent. Yet, while the crisis continued lingering on in some European countries, the mobilisation quickly ebbed away. Federica Genovese, Gerald Schneider and Pia Wassmann argue that one reason why people stopped going to the streets is that the Europan Central Bank decided to adopt a new unconventional policy to ease the problems in Europe’s economies and reduce public discontent.

• Primary Source

ESO: Background information: Schäuble vs Draghi: German losses from ECB policy are real but self-inflicted http://www.europeansources.info/record/schauble-vs-draghi-german-losses-from-ecb-policy-are-real-but-self-inflicted/

ESO: Background information: Monetary policy decisions, 10 March 2016 / ECB adds corporate sector purchase programme (CSPP) to the asset purchase programme (APP) and announces changes to APP / ECB announces new series of targeted longer-term refinancing operations (TLTRO II) http://www.europeansources.info/record/monetary-policy-decisions-10-march-2016-ecb-adds-corporate-sector-purchase-programme-cspp-to-the-asset-purchase-programme-app-and-announces-changes-to-app-ecb-announces-new-series-of-targeted/

ESO: Find all further information in ESO on this topic http://www.europeansources.info/advSearchLink?keyword=quantitative%20easing%20&searchOption=all

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