The ECB is on the wrong track

The example of Japan shows that an ultra-loose monetary policy does not always bring growth. Europeans should put an end to it and not expand it.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).