How has the ECB showed its limits during the debt crisis in Europe?
How has the ECB showed its limits during the debt crisis in Europe?
Germany accepted to switch its mark against the euro, because the mark was the strongest currency in europe on one condition : that the SEBC copy its functional model.
Stabilizing prices
SEBC must be independant, must not acquire a state debt neither accept negative accounts. This was written in a treaty.
UK’s resistance.
Resources of the bank are also limited, half of France’s annual budget.
Number one solution: Banking Union
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