ECB President Mario Draghi has said that it might be difficult to reach the target of below but close to 2% without some fiscal stimulus and structural reforms. But you would say that when the inflation goal is at risk, the ECB has to act, regardless of what others do? Right, this is how I see it with regards to inflation.
One author, Bruno Amable has identified five types of market capitalism, each characterized by specific institutional forms, and particular institutional complementarities: 1. The Market based Model;  2. The Social Democratic Model;  3. The Continental European Model;  4. The Mediterranean Model;  5. The Asian Model.