Its still German interests that dominate € policy. The ECB still has in its mandate 'price stability' which means that it just doesn't do any inflation north o

Its still German interests that dominate € policy. The ECB still has in its mandate 'price stability' which means that it just doesn't do any inflation north of 2%, no matter what, which is an age-old German fetish. Which also pretty unreasonable because the deflation and close to zero inflation exacerbated the Great Depression - and we are in a depression again.