[coldtea]

>The ECB does not have to balance interests. It‘s independent and it‘s job is monetary stability, not economic interests.

That's the version one would teach to high schoolers, not the real political/historical truth by any margin. In fact it's so naive I don't even know where to start addressing it.

You can follow the power plays in the ECB in all kinds of outlets, if leftist ones are not your thing, even Le Monde, Die Zeit, Frankfurter Allgemeine Zeitung, Corriere della sera, The Economist and co will do.

>It‘s also not widely accepted that it‘s in Germanys interest. In fact it is against it. Germans hold most of their wealth in cash. They received interest for it. That‘s hundereds of billions now gone.

When Germany has control over EU/ECB policies, it could not give less ducks about the German people. It's about German banks and elites doing good.