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Has the European Central Bank become too powerful?

economist.com · 287 words · saved by 1 readers

From monetary policy to geopolitics to climate change, its responsibilities are growing

Finance & economics | Whatever it wants Has the European Central Bank become too powerful? From monetary policy to geopolitics to climate change, its responsibilities are growing Share Lagarde leads Image: Getty Images Sep 13th 2023 | 5 min read “N othing is possible without people. Nothing is lasting without institutions,” noted Jean Monnet, one of the European Union’s founding fathers. The growth of the European Central Bank ( ecb ) from humble beginnings, as the guardian of a nascent currency, to one of the great powers in European politics might have surprised even the master technocrat hi

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