The European Central Bank (ECB) will not be used as a tool to clean up government fiscal failures, and anyone expecting that should stop now. That was the clear message from Olaf Sleijpen, the Dutch central bank governor, in an interview published by Het Financieele Dagblad. Olaf made it known that the Transmission Protection Instrument, a tool designed by the ECB to control severe market disruptions, won’t be used to rescue countries that can’t manage their budgets.