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The European Central Bank Mistake: More Debt Is Not the Answer

The European Central Bank Mistake: More Debt Is Not the Answer
The headquarters of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on March 12, 2020. Daniel Roland/AFP via Getty Images
Daniel Lacalle
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Commentary
In an opinion article published in the Frankfurter Allgemeine Zeitung, Isabel Schnabel, member of the executive board of the European Central Bank (ECB), states that governments taking more debt now shouldn’t be a concern, and that it will strengthen the central bank independence in the future.
Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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