It will not do ECB credibility any good if takes an economic collapse to convince it that the coast is clear on the inflation front. The ECB is not the old Bundesbank, which had such public support and trust in Germany that it could get away with almost anything.
如果需要一场经济崩溃才可以让欧洲央行确信不会发生通胀，这对于欧洲央行的信誉度不会有任何好处。欧洲央行不是原来的深受公众支持和信任的德国中央银行。原来的德国中央银行可以毛发无损。欧洲央行的错误空间大为缩小，而成员国对它的支持也并不深厚。一旦出现重大的政策错误，那些批评萨尔科奇指责欧洲央行的官员们就会加入到他的行列。