Germany's Scholz backs the ECB in tackling inflation

Well, this is what you'd expect from Germany as they have always took the more hawkish position when voicing their policy stance. It is a bit of a contrast to Italy as you can see here:

• Italy PM Meloni says more ECB rate hikes may harm the economy
• ECB's Visco: More rate hikes is not the only way to curb inflation
• ECB's Visco: I don't agree with idea of tightening too much over tightening too little