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Roundtable: Monetary Policy in the EU
Beneath the Spurious Legality of the ECB’s Monetary Policy

January 4, 2021

Marco Dani, University of Trento, Edoardo Chiti, Sant'Anna Scuola Universitaria Superiore Pisa, Joana Mendes, University du Luxembourg, Agustín José Menéndez, Universidad Complutense de Madrid, Harm Schepel, University of Kent, Michael A. Wilkinson, London School of Economics

Asked recently whether the European Central Back (ECB) would provide debt relief to Eurozone Member States by cancelling their bonds that it holds, President of the ECB Christine Lagarde replied categorically that it would not, because the Treaty forbids it.