The article critiques the European Central Bank (ECB) for assuming responsibilities in areas it should avoid, particularly as its current monetary policy environment is shifting toward stability with inflation at 1.7%, close to its 2% target. The piece suggests that the ECB is becoming restless in this period of calm and is thus engaging in proposals that appear politically motivated or timely.

Under ECB President Christine Lagarde, there are increasing calls from within the bank to push for initiatives like the introduction of a digital euro, which is argued to enhance Europe’s independence against US economic influences. These actions are positioned as the bank’s response to a perceived need for greater competitiveness within the European sphere, especially following recent discussions among European leaders about fostering economic resilience.

However, the article warns that this kind of activism risks destabilizing the foundational role of the ECB by venturing into political territory rather than sticking to its core financial responsibilities. Such a move could lead to unintended consequences for the Eurozone’s economic stability, emphasizing the need for the ECB to remain focused on its primary mandate rather than over-committing to ambitious projects.