Mises Daily
Author:
Frank Hollenbeck
Online Publish Date:
The ECB is now two months into its bond buying binge but the European Central Bank (ECB) never clearly explained the goal and purpose of its own Isn’t the ECB’s quantitative easing and negative-interest-rate policy spurring a Europe wide surge in borrowing? After all, negative interest rates are supposed to ECB (which violates European law ) would have meant Germany’s leaving the currency union and reestablishing the deutschmark under German control. But then again, the