By initiative of the German members of the ECR group, MEPs debated the highly accommodative monetary policy (very low interest rates and 'quantitative easing' operation for the mass buyback of public securities) pursued by the European Central Bank, at the plenary session of the European Parliament on Wednesday 17 May.
Joachim Starbatty (ECR, Germany), believes the President of the ECB, Mario Draghi, has no mandate to pursue such a policy, which is diluting the savings and pensions of German...