Schäuble vs Draghi: German losses from ECB policy are real but self-inflicted

Germany has voiced criticism in the spring of 2016 of the European Central Bank (ECB) from the perspective that its policies, such as quantitative easing, have a particularly negative effect within Germany. Benjamin Braun argues that while there have indeed been German losses from the ECB’s policies, much of the problem stems from the country’s reluctance to ease its own fiscal policy.

ESO: Background information: Berlin set to insist on home-grown ECB president http://www.europeansources.info/record/berlin-set-to-insist-on-home-grown-ecb-president/

ESO: Background information: ECB again defends bond-buying programme in Germany’s top court http://www.europeansources.info/record/ecb-again-defends-bond-buying-programme-in-germanys-top-court/

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