In 2015, after having already implemented many other extraordinary easing measures, the European Central Bank (ECB) embarked on the so-called ‘quantitative easing’ that had been deployed earlier by the US, Japan and the UK. These newer monetary policy instruments target longer-term interest rates than is the norm. As of March 2018, the policy remains in place. Why has the ECB been accused (justly or unjustly) of trying to prop up the euro zone economy at the expense of its trading partners? Explain thoroughly.
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