FRANKFURT, Nov 2, (APP/AFP) – The European Central Bank’s easy-money policy has let eurozone governments delay key reforms, a German expert panel said Wednesday, urging the Frankfurt institution to ease off the massive stimulus spending. “The extent of monetary easing in the euro area is no longer appropriate given the region’s economic recovery,” the German Council of Economic Experts said in its annual report to Chancellor Angela Merkel. “The ECB should slow down its bond purchases and end them earlier.” Under President Mario Draghi, the ECB has bought well over one trillion euros of government and corporate bonds in a bid to pump cash into the financial system.
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ECB should tail off bond purchases: German experts
