European Central Bank Governing Council member Släpén: The European Central Bank's tools cannot solve Europe's fiscal problems.

Jin10 data reported on September 27, the European Central Bank Governing Council member Slapin stated that European politicians should not rely on the European Central Bank's Transmission Protection Instrument (TPI) to solve fiscal problems. Slapin said, "The tool exists and can be used temporarily under certain conditions, but it is absolutely not for certain things. Therefore, I think the idea that the European Central Bank will solve fiscal problems is a bit overly simplistic. Some matters should really be resolved by the politicians themselves." He also stated that considering the central bank's profits and the impact of low interest rates on financial stability, the cost of implementing the European Central Bank's quantitative easing program is very high. Therefore, if the policy interest rate approaches 0% again, the European Central Bank will have to carefully consider based on experience before deploying these tools again.