Fontan, Clément

The European Central Bank and the Crisis : Who Decides What? - 2014.


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What has been the scope of the decisions taken by the European Central Bank during the crisis of the Eurozone ? In order to answer this question, the ecb should be analyzed not just in terms of its official competences but as a political actor that seeks to have an influence beyond the sole domain of monetary matters. Its impact can then be felt on the national socio-economic systems, the rules of European governance and the system of financial supervision.