Introduction
a supranational central bank as a subject
The three foundations of the EMU
The principles of the European macroeconomic constitution
ECB organisation, monetary policy strategy and operational framework
ECB monetary policy during the financial crisis
The prelude to the sovereign debt crisis : events, ECB verbal interventions and EU rescue programmes
Selective government bond purchases
The ECB's Quantitative Easing
The banking union
the ECB takes over banking supervision
ECB measures during the covid-19 pandemic
The fate of the European macroeconomic Constitution
The objectives for the ECB and the Macroeconomic Constitution going forward
Epilogue : where do we go from here?