16min chapter

TALKING POLITICS cover image

Europe Blows Up

TALKING POLITICS

CHAPTER

Challenges and Complexities of European Central Bank Actions

The chapter explores the evolving role of the European Central Bank, focusing on its bond-buying program and the shift towards financial stability, while also considering central bank independence and democratic legitimization of monetary policy. It delves into objections raised against the bank's actions and discusses legal implications, distributive consequences, and the impact on democracy. The discussion extends to treaty changes within the EU, highlighting challenges, potential responses from key institutions, and market reactions to recent judgments and proposals.

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