Parliament approves German ECB board candidate

January 16th, 2014
euractiv Germany


For Jürgen Klute, MEP from the Left Party, this precisely explains why candidate Lautenschläger is too close to "the dominating economic mainstream in Germany". She clearly spoke against a progressive monetary policy, Klute said.

"Naturally, a relaxed monetary policy alone is not enough to overcome the current crisis", he told, "but unfortunately there haven't been any new impulses from Mrs. Lautenschläger over how to restore the transmission between monetary policy and financing the real economy through the banks".

The Left Party, Klute said, sees demand for a fundamental reform of the ECB "to break the enduring dependence of states on financial markets and create sustainable and socially balanced growth."