EconomicsCentral Banks

ECB Tools Can’t Fix Europe’s Fiscal Problems, Sleijpen Tells FD

FacebookXLinkedInEmailLinkGiftExpandOlaf SleijpenSource: De Nederlandsche BankFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Zoe SchneeweissSeptember 27, 2025 at 1:04 PM UTCBookmarkSave

European politicians shouldn’t rely on European Central Bank emergency instruments to solve their fiscal problems, according to Governing Council member Olaf Sleijpen.

Asked in an interview with Het Financieele Dagblad if the ECB’s never-deployed program designed to counter excessive market moves — known as the Transmission Protection Instrument — could be used to support government bonds, the new Dutch central bank chief was guarded.

Source: Original