The World From Berlin 'The ECB's Policies Are Anything But Harmless'

For the second time in about two months, the European Central Bank injected liquidity worth around half a trillion euros into the Continent's banking sector. Hundreds of financial institutions eagerly took advantage of the low-interest loans, but German commentators warn Thursday that the long-term dangers to the economy may not be worth it.
A sculpture of the Euro currency sign at ECB headquarters in Frankfurt.

A sculpture of the Euro currency sign at ECB headquarters in Frankfurt.

ALEX DOMANSKI/ REUTERS
-- Kristen Allen, with wires