What is the European Central Bank’s logic?

We know it and can see it: the European Central Bank (ECB) "controls" the euro and the euro "controls" the euro zone. This means "controlling" the zone to bring it out of the financial crisis which is in reality a slow, difficult mutation.

To win this role the ECB has had to take on a series of problems and legacies, which are much more complex than those faced by the American Federal Reserve (Fed) for example, in a situation that has also been much more difficult. There it does have some merit.

ESO Background information: ESO Information Guide: European Central Bank http://www.europeansources.info/record/information-guide-european-central-bank/

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