In fact, following a series of unexpected sectoral price shocks, the outlook for price stability significantly improved in the course of 2001. The Governing Council reacted to this in a forward-looking manner by reducing the key ECB interest rates by a total of 150 basis points in 2001.
This opinion relates to the outright monetary transactions and states that being a part of the Troika might lead to a conflict of interests. It is not clear whether this can be generalised. The ECB says that it does not get involved in politics. However, it participates in the Troika and has influenced several countries to accept bailouts.