Otmar Issing (one of the key players in the creation of the
Euro) notes:
https://www.project-syndicate.org/commentary/central-bank-independence-jeopardized-by-otmar-issing-2016-11
“The failure of elected politicians to act appropriately – particularly in some eurozone countries – has turned central banks into the “only game in town.” And this is turning out to be less a boon to their prestige than a threat to their independence.”
“The failure of elected politicians to act appropriately – particularly in some eurozone countries – has turned central banks into the “only game in town.” And this is turning out to be less a boon to their prestige than a threat to their independence.”