The European Central Bank must consider more simulative monetary policy in the midst of a fading global economic recovery, according to former Bank of England Monetary Policy Board Member David Blachflower. In an op-ed piece on Bloomberg, the former central banker argued that ECB President Jean-Claude Trichet is putting too much emphasis on government debt reduction, and preventing an inflation wave down the road, that he risks stifling Europe’s economic rebound. “The primary objective of the ECB remains to maintain price stability by keeping inflation just below 3 percent,” wrote Blanchflower “that needs to change fast.” Although the comments don’t have any immediate implications for the euro, one thing is certain, if Blanchflower proves to be right in the longer term, and the European economy slow or fall back into recession again, it will likely mean bad news for the euro.