The European Central Bank
Subject: Economics / General Economics
The European Central Bank embarked in 2015 on the so-called‘ quantitative easing’ already deployed by Japan, the US and the UK, after having already implemented many other extraordinary easing measures. These newer monetary policy instruments target longer-term interest rates than is the norm. Why might some accuse the ECB (justly or unjustly) of trying to prop up the euro zone economy at the expense of its trading partners? Explain thoroughly.