5 ms·
Yes, because they learnt the lessons from history and if there is anything that Germany wants to avoid then it is inflation. Furthermore, the ECB is controlled
by claudius 13y ago
Yes, because they learnt the lessons from history and if there is anything that Germany wants to avoid then it is inflation.
Furthermore, the ECB is controlled by a money-printing Italian and last time I checked, German influence in the ECB was extremely low, especially compared to the relative size of Germany within the EU.
- disgruntledphd2 13y agoI don't know if that is particularly true. The ECB has been obsessed with inflation since its inception, which is a particularly Bundesbank-like set of priorities. While the official political authority is delegated on a country basis, I suspect that most of the civil servants (i.e. the people who mostly make the decisions) are if not Bundesbank, somewhat influenced by that school of monetary thought.