The ECB is maintaining the euro zone’s integrity. This is essential, but it is also open to criticism

Given the euro zone’s economic situation, the ECB’s very expansionary monetary policy can currently be understood only if the ECB’s objective is to maintain the euro zone’s integrity and prevent a break-up of the euro zone that would lead to another debt crisis. Currently, this monetary policy is essential, but at the same time it is understandable that it is increasingly being criticised: It has a number of drawbacks; As long as institutional reforms do not prevent a break-up of the euro zone, they have to be continued, and ECB will therefore never be able to end this policy; The ECB is not transparent, which is necessary in a democracy, since its stated objective is not to maintain the euro zone’s integrity, but to bring euro-zone inflation back to 2%.