Central Bank Independence and the Future of the Euro

The former Governor of the Central Bank of Cyprus examines the role of the European Central Bank in the euro crisis and what role it should play in the future.

1. Central bank roles: historical context 2. Central bank independence in Europe: origins, scope and limits 3. Crisis management and legitimacy 4. The ECB's policies during the crisis 5. Whatever it takes 6. Banking union 7. Small countries and why they matter 8. Political money laundering 9. Can the erosion of central bank independence be reversed?