Ferdinando Giugliano, Columnist

The ECB Has Policy Makers, Not Superheroes

Europe’s economies are confusing, and we should manage expectations for monetary policy – not least because politicians need to step up.

February 22, 2019 at 6:00 AM UTC

By Ferdinando Giugliano

Ferdinando Giugliano is a former Bloomberg Opinion columnist. He was previously a member of the editorial board of the Financial Times.

This is not a staff member at the Eurotower.
Photographer: DANIEL ACKER

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Spare a thought for the European Central Bank.

The minutes of the last Governing Council, published on Thursday, show the central bank is in a bind over the state of the euro zone recovery and the next steps to take.