EU Parliament report shows unprecedented level of concern on ECB

Today the European Parliament has expressed an unprecedented level of concern about the European Central Bank’s increasingly risky monetary policies and recommends it redirect its QE programme towards investment to boost the economy.

54% of Europeans are in favour of ‘helicopter money’

Recent survey shows that a broad majority (54%) of the European population would support a direct injection of money from the ECB to citizens. Other findings highlight the many reasons why the measure is worth experimenting.

Report outlines how the ECB could use ‘helicopter money’ legally and independently

In its newest report, the campaign "QE for People" makes the case that the European Central Bank could legally and independently distribute money directly to all citizens as a way to quickly address the lack of demand in the economy.

Bayer-Monsanto: an infamous wedding facilitated by the ECB

By purchasing bonds from Bayer, the ECB has indirectly facilitated the takeover of Monsanto which was finally approved two weeks ago.

The ECB wants to look at all options, but remains blind to the ineffectiveness of QE

By signaling its commitment to look at all options before deciding to increase its quantitative easing programme, the ECB has shown some sheds of wisdom. But it is still narrow-minded in its diagnosis of the effectiveness of quantitative easing and its forecasts are far too optimistic.

Quantitative easing was bad enough - now corporate purchases could make it worse

Corporate QE will not help the ECB achieve its own objectives, it is making multinationals richer and is ultimately jeopardizing the reputation of the ECB.

The Fed says monetary financing might be needed. How long will the ECB deny it?

The Federal Reserve “might legitimately consider” using monetary financing of fiscal operations in “extreme circumstances”, when there is very weak growth or deflation, Fed Chairwoman Janet Yellen said at a press conference few weeks ago.

Lack of fiscal stimulus not an excuse for the ECB not to meet its target

In a meeting last Wednesday 13 July, MEPs raised concerns on the lack of impact of the ECB’s QE programme on the real economy and the risks involved in its policy. However, justifying the failure of QE because of the lack of fiscal stimulus is a misguided argument which should not be used as an excuse to overlook other monetary policy tools.

MEPs want the ECB to look at helicopter money

A group of 18 Members of the European Parliament have signed an open letter to Mario Draghi calling on the ECB to study the viability and implementation of helicopter money.

French coalition takes the QE for People campaign to a national level

Five french organisations supporting the QE for People campaign have formed a coalition to push the debate at the national level. They presented their ambitions at a press conference in Paris on May 31st.