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.
How do your explain the ECB’s influence to voters? We had weak institutions in Europe to deal with the crisis. The ECB was asked to participate in discussions on the financial assistance programmes in liaison with the European Commission. The fact that governments have implemented credible programmes, has allowed us to be more flexible in the context of the financial crisis. For instance?