The ECB, where the debate now is between idiots who are worried about inflation and idiots who aren’t!
What’s needed of course is an immediate cut in interest rates, preferably to zero, and a raising of the inflation target to at least 4%.
Failure to do these things, when coupled with the utter folly of continuing austerity programs and providing no stimulus, assures the Eurozone will slip back into recession.
Gorilla says: “All the points in all the plans don’t amount to a hill of beans so far!”
