Bond-Buying Perils ECB Risks Inflation and Loss of Independence

The next taboo has already been broken in Europe, with the European Central Bank now buying up Italian bonds. With its interventionist policies, the ECB is becoming increasingly similar to the US Federal Reserve. It's a path fraught with serious risks.
European Central Bank President Jean-Claude Trichet: Pressured by Politicians

European Central Bank President Jean-Claude Trichet: Pressured by Politicians

Foto: Boris Roessler/ dpa