Is the ECB sacrificing reforms on the altar of inflation? | Alessio Terzi at Bruegel.org

German Logo of the ECB.

German Logo of the ECB. (Photo credit: Wikipedia)

This research paper published by think-tank Bruegel is worth a read. Check it out!

via Is the ECB sacrificing reforms on the altar of inflation? | Alessio Terzi at Bruegel.org.

It looks like despite all the pain since the financial crash of 2008, the Eurozone has little real appetite for structural reform. More fundamentally, the article speculates that as QE starts to bite, there will be even less reform.

The conclusion seems to be that a better way is urgently needed than the austerity/reform model?

Thoughts?

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