The ECB's monetary policy has proven remarkably successful, anchoring Europe's economy even through unprecedented shocks like the pandemic and energy crisis. The bank successfully brought inflation down from over 8% back to target through decisive action. This track record validates keeping 2% as the cornerstone, providing Europeans a price stability foundation they can count on.
The ECB's cautious approach fails Europe's struggling economy. While celebrating 2% inflation, essential costs like food prices continue to cripple families. The Bank's timid rate cuts ignore economic stagnation, prioritizing abstract price targets over concrete human needs. Europe remains trapped in low-growth malaise while citizens suffer.