Italy can solve its crisis on its own, they could for instance sell South Tyrol back to Austria - Problem solved! What is more a concern is how the ECB exceeds its mandate. That is institutional anarchism.
You don't get it Mahoney. Monetary policies are on autopilot, they are not policies. But then the question is how to spent budget. The "German" doctrine of fiscal prudence and the French growth doctrine go hand in hand. France has no lack of price inflation.