Re: QE
I would perhaps more gently point out that the Bundesbank hasn't quite caught up with Milton Friedman's pioneering research (this really was where he made his academic bones, along with Anna Schwartz) in A Monetary History of the United States. Umm, 1963 I think?
OK, I take the bait and the downvotes and point out that pretty every finance minister of Greece in recent history has been an economist and most of them came right out of Oxford. You can assume that all of them knew Friedmanns theories very well and all of them failed miserably.
One real life example of what went wrong - my wife had some business with the Greece embassy here in Tokyo and told me several times that she was astonishedy th about the enormous budget they had for touristic advertisements and about the receptions they held there. Sounds like good spending, if you don't take into account that there was not even a direct flight from Japan to Greece and Greece as holiday destination was effectively non existent in Japanese travel agencies. Turkey had a far smaller budget, but they used their money wisely, organized direct flights and are now quite successful as holiday destination.
But it would have certainly been more fun to work for the Greece embassy, before the bubble burst.
A small example, but it is symptomatic for what went wrong in Greece. I have yet to find someone who went there for holiday and came back satified. I know several examples of people who came back and were quite pissed about the way they have been treated there. The keywords were "expensive", "arrogant" and "unfriendly".
As for German bashing - it is always fun and popular, but personally I can understand that they are fed up with feeding Greece.