Skip to main content Accessibility help
×
Hostname: page-component-7c8c6479df-fqc5m Total loading time: 0 Render date: 2024-03-28T17:32:14.285Z Has data issue: false hasContentIssue false

Conclusion

Published online by Cambridge University Press:  13 September 2019

Simon Mee
Affiliation:
University College, Oxford
Get access

Summary

‘The Germans had terrible experiences with inflation in the twentieth century’, recalled Mario Draghi, the president of the European Central Bank (ECB) in March 2012. He was speaking to two journalists from the tabloid newspaper Bild at the ECB’s headquarters, who had just given him a Pickelhaube. ‘It does away with value and makes forecasting impossible. More still – inflation can downright destroy the society of a country.’1 To be dead set against inflation, to be for a strong currency, and to be independent of politics – these were ‘German virtues’. And they were virtues, Draghi said, that every European central banker should strive towards.2

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2019

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • Conclusion
  • Simon Mee
  • Book: Central Bank Independence and the Legacy of the German Past
  • Online publication: 13 September 2019
  • Chapter DOI: https://doi.org/10.1017/9781108759601.007
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • Conclusion
  • Simon Mee
  • Book: Central Bank Independence and the Legacy of the German Past
  • Online publication: 13 September 2019
  • Chapter DOI: https://doi.org/10.1017/9781108759601.007
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
  • Simon Mee
  • Book: Central Bank Independence and the Legacy of the German Past
  • Online publication: 13 September 2019
  • Chapter DOI: https://doi.org/10.1017/9781108759601.007
Available formats
×