You're mostly right, unpleasant as that is in this case. One thing's wrong though: The ECB doesn't really have to care, and historically haven't cared, about gr

You're mostly right, unpleasant as that is in this case. One thing's wrong though: The ECB doesn't really have to care, and historically haven't cared, about growth and unemployment. The ECB is printing money because inflation is low, not because growth is low.