How to restore trust in the ECB

Commentary feature. Without a eurozone finance ministry, only the ECB can stabilise bond markets, writes Guntram Wolff.

On the 1 November 2011, the first day of his mandate as ECB President, Mario Draghi would face the challenges given by the declining level of trust of European citizens towards the European Central Bank. Guntram Wolff commented on these challenges and outlined the most urgent needs of the ECB in the near future.

ESO: Background information: Find other Commentary Features in ESO on Challenges facing EMU http://www.europeansources.info/advSearchLink?keyword=commentary%20feature%20emu%20challenges%20&searchOption=all

ESO: Background information: Draghi prepares to take ECB helm http://www.europeansources.info/record/draghi-prepares-to-take-ecb-helm/

Le Monde, 14.11.11: The ECB has only to say the word (via PressEurop) http://www.presseurop.eu/en/content/article/1168981-ecb-has-only-say-word

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