Second question: the country with the largest quantitative easing in quantitative terms is Germany. Germany was already strong without quantitative easing. Is it dangerous for the equilibrium of the euro area? Is it a contradiction?
In its Pringle judgement, the European Court of Justice established the EU ground rules for the Commission’s and the ECB’s participation in the troika, holding that the tasks assigned to the ECB under the ESM Treaty are fully in line  BIS central bankers’ speeches  1  with the EU Treaties.