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German Finance Minister Wolfgang Schauble disapproves of Mario Draghi’s performance as ECB president

Schauble-Draghi clash more about politics than monetary policy

  • The German government’s criticism of the ECB is likely an attempt to improve its image with domestic voters
  • It may also be a signal to the European political elite that it prefers greater integration over technocratic solutions
  • The only alternative to Mario Draghi’s policies is an “ever closer” European Union

In April, German Finance Minister Wolfgang Schauble was particularly vocal in his criticism of European Central Bank President Mario Draghi’s performance. The confrontation between these two European financial heavyweights is significant, because it can shed light on what the future holds for the European Union and the euro.

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Professor Enrico Colombatto
Centralization does not rule out abuse, but allows the central tax authorities to increase tax pressure (and expenditure), while keeping local politicians’ hands clean
read more about it in the report
What's inside
  • The German government’s criticism of the ECB is likely an attempt to improve its image with domestic voters
  • It may also be a signal to the European political elite that it prefers greater integration over technocratic solutions
  • The only alternative to Mario Draghi’s policies is an “ever closer” European Union
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
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