Europe needs action now on inflation to brake loss of euro trust
By Jürgen Stark
The European Central Bank’s asymmetric monetary policy approach, followed for several years, has now become a source of instability – the opposite of what its mandate decrees. After announcement of the 7.5% inflation rate in March, the highest since the euro began, this policy of vacillation has run its course and must now end. The time has come to brake the loss of trust in the ECB and in the stability of the euro....