Brussels, 18/05/2015 (Agence Europe) - The President of the ECB, Mario Draghi, has acknowledged for the first time that the mass operation to buy back public and private debt (“quantitative easing”), which was launched by the European institution in March, could have harmful “side effects”.
“A prolonged period of accommodative monetary policy can come with side effects. And the fact that our policy has so far proven effective should not blind us to them”, Draghi said on Thursday...