Runaway inflation, allowed, would actually reduce their debt load. As long as they don't increase gibs or public sector salaries, they can reduce their expenses as well.
The ECB’s main mandate is to control inflation. The reality is they have sold out to the governments. There is no sane justification to be printing more Euros when official inflation is at almost 10%.
So they are printing money to give to Italy to give back to them.
The chance that Italy gives them back any money: 0%
Also - they are raising rates because inflation is too high. But every time they raise rates they have to print more money
Hyperinflation incoming
Runaway inflation, allowed, would actually reduce their debt load. As long as they don't increase gibs or public sector salaries, they can reduce their expenses as well.
The ECB’s main mandate is to control inflation. The reality is they have sold out to the governments. There is no sane justification to be printing more Euros when official inflation is at almost 10%.
(And the real inflation is likely much higher)