Unconventional emergency measures to boost the eurozone economy could prove exceptionally hard for the European Central Bank to implement, a member of its governing council has warned, highlighting the institution’s nervousness about following such steps in the US and UK.

A programme of “quantitative easing” – the creation of money to buy assets – would be “much more complicated in the eurozone context than some people might believe”, Yves Mersch, Luxembourg’s central bank governor (pictured below), said in an interview with the Financial Times.