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The E.C.B. has not bought large quantities of government bonds, for example, which some members of the bank's Governing Council say would be a violation of a prohibition on financing governments.
He regards such purchases as being tantamount to financing governments by printing banknotes.
"He regards such purchases as being tantamount to financing governments by printing bank notes," the Bundesbank said in a statement.
Mario Draghi, the E.C.B. president said in May such a move amounted to the central bank financing governments.
Even the German Bundesbank, officially part of the European Central Bank, put out a statement commenting acidly that the plan was "financing governments by printing bank notes".
Some economists view the bond purchases as breaking a taboo and risking inflation, since they amount to the central bank financing governments that have borrowed irresponsibly.
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This takes a commitment to financing government.
Yet many taxpayers see financing government workers' benefits as an unfair burden.
The widespread avoidance of tax only adds to the problem of financing government services.
2) What components of crowdfunding technology can be used in financing government-incentivized projects?
So the business sector has become a net saver and replaced consumers in financing government deficits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com