Skip to main content

ECB: Independence at risk?

Abstract

The extraordinary measures taken by the ECB to combat the fi nancial crisis have led many observers to question whether the bank has put its independence at risk. The bank’s vow to do “whatever it takes” to save the euro has added a second (and potentially contradictory) goal alongside its primary mission of achieving price stability. This expansion of the ECB mandate could expose the bank to national and European political demands, thereby endangering its prized independence.

This is a preview of subscription content, access via your institution.

Author information

Affiliations

Authors

Corresponding author

Correspondence to Christoph S. Weber.

Rights and permissions

Reprints and Permissions

About this article

Cite this article

Weber, C.S., Forschner, B. ECB: Independence at risk?. Intereconomics 49, 45–50 (2014). https://doi.org/10.1007/s10272-014-0486-y

Download citation

Keywords

  • Monetary Policy
  • Central Bank
  • Euro Area
  • European Central Bank
  • Price Stability