That prevented a meltdown of the financial system, which otherwise would have led to strongly deflationary pressure across the euro area. So Germany was also saved by the ECB? In Germany, one might say that it’s obvious that debtors have to pay back what they owe. But the lenders also bear a responsibility. They too should be careful.
The Germans are complaining about the interest rates being so low. We understand that. But they also have to bear in mind that lenders were very well protected in and after the crisis – and that none of Germany’s large neighbours slipped into a depression. That too would have had a serious impact on the economy, not least in Germany.