Europe’s Shadow Government
Publisher: Houtekiet
Behind the scenes of the European Central Bank
On the challenges of the ECB. A critical analysis of Europe’s most influential financial institution
A payment is easily made, either by wire or bank bills. For a loan you knock on the door of a bank office. We think all of that is just
normal. A world with only metallic money and without ample credit is something from a distant and dark past. Central banks have played a defining role in the creation of our monetary
system. They are the ultimate lender of credit, putting banknotes into circulation and pursuing monetary policies that support the economy. But their activities extend beyond these roles. For instance, they finance government, contribute to higher income and wealth inequality, and encourage financial risk-taking. It is mostly unknown to the general public that the consequences do not always have a positive outcome.
Europe’s Shadow Government focuses on the European Central Bank (ECB). This book not only discusses the institution’s
creation, but also how the ECB de facto, directs society, how this happens without democratic control, and what measures could be taken to remedy this
