The ECB likes low inflation. So does Germany. That has led many people to wrongly assume that ECB policy is somehow pro-German.
In the long run the trend rate of inflation makes no difference; money is super-neutral. Greece and Italy are no better or worse off with a 2% trend rate of inflation, or an 8% trend rate (except for second order effects such as the distortions produced by the taxation of nominal income from capital.)
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