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ECB’s old guard attack Draghi’s long-term easy money policy

“The Frenchwoman told her confirmation hearing at the European Parliament that an easy monetary policy stance was needed but also had side effects” writes Midwest Communications Inc for FRANKFURT (Reuters) – Six former euro zone central bankers on Friday criticized the European Central Bank’s ultra-easy monetary policy under the presidency of Mario Draghi, saying it has been unsuccessful and probably aimed at bankrolling indebted governments.

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