
The silent masters of money: how the ECB makes Europeans poor
The European Central Bank (ECB) was founded with the promise of stability, discipline, and independence. It was to be the heart of the euro project, protecting the common currency from political manipulation and reckless national spending. Yet, over the years, the ECB has transformed from a guardian of monetary stability into a political actor of immense power and questionable accountability. Its actions, often disguised as “technical monetary policy, ” have reshaped Europe’s economies and democracies without the consent of its citizens. The ECB today operates in a moral and democratic vacuum. It prints money, sets interest rates, and buys up government…
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