The ECB Balance Sheet was a lot healthier when I started this OP, yet today Dave McW is all happy with his ECBDavid McWilliams does not know shit from shinola about Economics. He is now advocating the unrestricted printing of money, This has already been done by the US Fed and the ECB ,with zero effect on the Economy.
The problem is the money printed was mis-directed and went into the Financial sector,
The Financial sector does not create wealth or jobs ,it creates money. Money not backed by production of real goods is toilet paper.
The Financial sector is a predator on the Real Economy, by charging interest on the money it creates and lends. It takes from GDP. and destroys Companies and households by its Rentier practices.
Modern Monetary Theory advises that to revive a stagnant economy, money is directed into production until their is full employment .