Draghi Almighty Why ECB Bond-Buying Plans Undermine Democracy

The ECB's plan to restart its bond-buying program is possibly the most important decision of the euro crisis. But the bank is not subject to control by national parliaments. Europe's leaders seem to consider saving the euro to be more important than preserving democracy.
ECB President Mario Draghi

ECB President Mario Draghi

Foto: Sean Gallup/ Getty Images
Translated from the German by Paul Cohen