Great article from Der Spiegel on the rift between Germany and the ECB. This is something near the center of my radar screen. Quoting:
 
“Back in deutsche mark times, Europeans often joked that the Germans 'may not believe in God, but they believe in the Bundesbank,' as Germany's central bank is called. Today, though, when it comes to relations between the ECB and the German population, people are more likely to speak of 'parallel universes'."