The Vice-President of the European Central Bank (ECB), Luis de Guindos, on Thursday 7 May justified the very accommodating monetary policy pursued by the Frankfurt Institute in response to recent criticisms by the German Constitutional Court of the quantitative easing operation to buy back securities, especially public securities, launched in 2015 to combat low inflation (see EUROPE B12480A17).
Speaking before the European Parliament's Committee on Economic and Monetary Affairs, Mr de...