European Central Bank and Monetary Policies

developed world: Now it is a developed world overburdened with debts that threatens to undermine the recovery, according to The Independent. The disadvantages of the ultra-easy monetary policies that have fuelled the recovery are becoming more and more evident, particularly their impact on wealth inequality within the developed world. Then it was the surging oil price and the threat of runaway inflation. Assets have soared in value: the German stock market is up 20 per cent since the European Central Bank started its quantitative easing programme late last year. The protesters in Munich over the past few days have a point, though I doubt many of them have thought through the link between QE and inequality. But those with few assets have been left behind. (news.financializer.com). As reported in the news.