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What a poppy cock from Dijselbloem. Purely and deliberately misleading the public. The QE may have an impact for a short period, as an emergency measure, but not for this sustained period.
Now QE serves the highly and irresponsibly indebted governments mostly. What will happen to our government debt interest payments and resulting budgets if we were to return to normal free market efficient allocations???
QE has devastated the savings of everybody, in particular the elderly, but also for the young that now cannot build up a reliable source of future revenues. It has dislocated investments, is miss-allocating capital disproportionately to equities. Where will this end? If we are honest, we know; an even bigger mess. Why not have a claw back provision for politicians benefits and pensions!!! No Mr. Dijselbloem. This policy is extremely damaging with high inflation and even higher taxes to follow. Of course the simplest solution is to reduce regulation, have markets allocate capital and labor. That gets growth, not government regulation and that may restore some faith in politicians.