The parliament is not in control of this; it has the power to vote directives up or down, and that's it. Crucially it does not control the ECB.
The European Parliament has the 2 powers that defines a parliamentary regime: it votes the budget and nominates the governement. Without Parliament's explicit or tacit will, nothing happens in the European Union.
Some people like to call undemocratic elections that did not pan out the way they hoped.