The skyline with its banking district and the European Central Bank (ECB) are seen, as the spread of the COVID-19 continues, in Frankfurt, Germany, on March 31, 2020. Kai Pfaffenbach/Reuters
The European Central Bank (ECB) announced a tapering of the repurchase program on Sept. 9. One would imagine that this is a sensible idea given the recent rise in inflation in the eurozone to the highest level in a decade and the allegedly strong recovery of the economy. However, there’s a big problem.
