In financial journalism, the majority of the members of the Governing Council of the ECB from the southern European countries of the EMU. They forced the ECB to take decisions that were hardly compatible with its statutes and mission, such as the purchase of government bonds of highly indebted member states. – See hubris, central banking, banking union, European, Becket effect, democratic deficit, European Monetary Union, fundamental error, ECB minutes, publication, ECB sin, money multiplication, monetary union internal, peer pressure, monetarists, credit assessment framework, renationalization, monetary, rescue package, seat order dispute, redistribution, central bank-influenced, central bank reputation. – Cf. ECB Monthly Bulletin, Mail 2012, pp. 111 ff. (South Block and North Block Drifting Apart; Overviews).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/