The ECB’s behavior should not be surprising: as we have seen elsewhere, institutions that are not democratically accountable tend to be captured by special interests. That was true before 2008; unfortunately for Europe –&#160;and for the global economy – the problem has not been adequately addressed since then.
欧洲央行的行为倒也不出人意料：放眼别处，不可被民主问责的机构往往会被特殊利益绑架。2008年以前便是如此。不幸的是，对欧洲——以及对全球经济——来说，此后这一问题并未得到充分的解决。