The articles discusses the « new » monetary policy of Quantitative Easing that the ECB wants to implement. It explains why the chance that the QE be efficient are low. Significant results will be hard to reach aslong as some structural reforms are not accomplished. And as long as the banking system will not have solved its own structural problems.
FOURÇANS, A. (2015). QE : pourquoi les premiers effets positifs des mesures prises par la BCE se transforment en effets pervers sans réformes structurelles. Atlantico.