Yea what I meant is that the Germans have a disproportionate amount of control over the ECB (much like how the U.S. has almost complete control over NATO). The ECB could tell members to raise taxes (on the rich else its just austerity in a different way), issue bonds (which will increase deficit which the neolibs consider to be 'bad') or 'print' Euros by itself (not really necessary).
I don't think they'll be printing money so much as raising taxes
Yea what I meant is that the Germans have a disproportionate amount of control over the ECB (much like how the U.S. has almost complete control over NATO). The ECB could tell members to raise taxes (on the rich else its just austerity in a different way), issue bonds (which will increase deficit which the neolibs consider to be 'bad') or 'print' Euros by itself (not really necessary).
Again I don't think they'll have much of a choice, as of now (and as time progresses) their situation is becoming worse.
They'll have to bend