Economics

Hawkish Former ECB Officials Lambast Draghi’s Monetary Policy

  • Signatories include former chief economists Issing and Stark
  • They criticize ECB’s inflation diagnosis, asset purchases

Mario Draghi

Photographer: Joshua Roberts/Bloomberg
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European Central Bank President Mario Draghi’s latest monetary-stimulus initiative was lambasted by a group of former policy makers criticizing the institution’s stance and its approach to its inflation goal.