Comment: IWH President Reint E. Gropp: ECB resists its critics and maintains its asset purchase programme. Leaving the option for a further extension is completely reasonable.

Some observers, including recently a number of major banks, are criticising the European Central Bank (ECB) for maintaining its asset purchase program, currently scheduled to run until March of 2017 and leaving the option open to extend it further.

Authors Reint E. Gropp

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