But we believe it was in the interests of everyone to recommend these measures, including to maximise the effect of our monetary policy decisions. We stand by that. Aschmoneit: The IMF, which is not known for its left-wing extremism, says that saving is wrong. There is far too little investment.
The International Labour Organization (ILO) says that the unemployment rate in the euro area has shot up and that one-quarter of the population is seriously threatened by poverty. The ECB is creating winners and losers from the crisis. Last year, the wealth of the rich in western Europe rose by 5.2%.