Citizens' concerns
- I don’t understand how the financial system works 🤔
- My savings are losing their value 💸
- I’m worried about my pension 💰
- The gap between rich and poor is growing 📈
- Housing prices are too high 🏘️
- Banks are corrupt and self-serving 🐺
- Local businesses will go bankrupt (once support is withdrawn) 🧾
- Prices are going up 🛒
- Unemployment levels are too high 🤖
- The economy is fuelling the climate crisis ⛽
- We will never pay off the public debt 💶
- Bankers have too much power 🕴️
Housing prices are too high 🏘️
It used to be the case that most people with a reliable income could afford to buy a house. But today, people cannot afford to get on the housing ladder, even if they have decent wages. This is making the prospect of owning a house out of reach for many people across Europe, especially younger generations, leaving them with no choice but to rent accommodation or continue to live with their parents.
Many economists attribute the rise of the cost of housing to the massive money creating programmes launched by ECB during times of crisis to help stimulate the eurozone economy. They argue that a lot of new money created by the ECB has been used to purchase a stagnant number of real estate properties, thus pushing up prices.
→ Ⓑ The ECB has gone too far and should go back to basics of its mandate
→ Ⓒ The European Central Bank should stop banks creating too much debt
