The link below is from the excellent blog on the ECB: ECB watchers. Instructive reading about the European Central Bank, and is also a response to Paul Krugman about his opinions on the split inside the European finance behemoth about economic policy culture. What I find most revealing is the view about the real lack of a culture of debate and free inquiry on economic policy inside the ECB, and exactly when maybe it needed it most. A must read.
And also to reflect, specially those that are more directly affected by economic policy by the Central Bank: the Eurozone periphery!