Bill Mitchell — The ECB plan will fail because it fails to address the problem

The diagnosis is wrong so the ECB plan to "save the euro" is the wrong treatment for the wrong disease. It's not the euro that needs saving, it is Europe. The EBC plan of bond-buying with "conditionality" is counter-indicated. Providing medicine while also letting blood is contradictory when economies are depressed and so are societies with raging unemployment.

Bill Mitchell — billy blog
The ECB plan will fail because it fails to address the problem
Bill Mitchell