“to Me, it is in my new role is important to promote more understanding in the population,” explains Isabel Schnabel, Director of the European Central Bank (ECB), in an Interview with the “world”. In her function she wanted to clean up with misunderstandings.
The biggest misconception, according to Schnabel, the expropriation of the savers: “That would mean that the ECB takes away the people something that’s owed to you. But this is not the case.” Rather, the key interest rate of 0 percent is the only useful Instrument to address macro-economic Trends such as the ageing of the society, or to the weaker productivity growth. With the SCC-exchange of letters next to values, and in the short term and the long term Top return on investment! (Partner quote) Here is an exclusive 30-day free trial!
ECB Director defends low-interest-rate
Beak understands the Frustration over low savings income, “but that is not the whole picture”. Finally, borrowers and real estate owners have benefited, as well as the state and the workers. Does the ECB loose monetary policy, the former economy to the world, “would have grown the economy a much slower pace, Inflation would be lower and unemployment higher”.
the Beak also assumes the policy is the responsibility. Their task was to convey to the citizens in view of the low interest rate environment, it does not make sense “to keep all his money as a savings or term Deposit”. Berlin had to explain where the Alternatives are. A little misleading, according to the former economy, the idea of the Federal Finance Minister, Olaf Scholz, a tax on shares, to introduce a point: “From an economic perspective, I see this proposal more critically.”
“The ECB blamed”
the guilt of past crises in the financial market Beak as a representative of the ECB itself. The crisis in the South of the Euro area after the turn of the Millennium was by no means been due to low interest rates, the monetary authorities contributed to: “The crisis had several causes. A weakness lay in the Bank regulation and supervision. You can’t blame the ECB.”
in the Future, so the Beak had to be involved the civil society in the work of the ECB, the alienation between citizens and Central Bank to stop: “The ECB has communicated in the past, perhaps too little with the citizens.”
also read: Not in the mood to taxes – 29-earned Years of Euro 50,000 in the month, and the state of alt disgusting-Video of a Discounter: a rat scurries through the bread shelf at net FOCUS Online/Wochit disgusting-Video of a Discounter: a rat scurries through the bread shelf with net
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