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Will the ECB turn into a "bad bank"?
Since the financial crisis of 2008, the ECB has adopted a number of unconventional policies that prompted critics to warn that it was about to incur huge losses. The fact is that, ever since its inception, the ECB has continued to make profits. It has transferred these profits via national central banks back to all citizens of the euro area. As in the past, the ECB will act in a prudent manner.