To that end, the new feature isn't initially available in all 190 or so countries Azimo serves, but sees the U.K. and most of the Eurozone targeted first, as well as a more restricted launch in Poland, U.S. and Canada.
Accept huge indirect public claims on Italy and Spain, plus a drastic revision of strategy — basically, to give Spain in particular any hope you need both guarantees on its debt to hold borrowing costs down and a higher eurozone inflation target to make relative price adjustment possible; or: 4b.
But his plans were opposed by the German chancellor, Angela Merkel, who again last week rejected French and Italian appeals to soften eurozone deficit targets that they have failed to meet.
The sheer scale of the fresh dose of austerity, doubts over the ability of both the Greek government and the eurozone to reach targets and gaps in the eurogroup deal prompted cynics to suggest the agreement would hold together for only a few months.
Draghi agrees that eurozone inflation is below target, and will remain below for some time.
And Gavyn Davies does the math on Italian stabilization; it's not pretty unless rates come way down, and restoring cost-competitiveness looks impossible without a higher inflation target for the eurozone, a point I keep trying to make.
On the subject of inflation, Mr Draghi said he was confident that in the medium term the eurozone would achieve its 2% target.
At last week's World Economic Forum, in Davos, Christine Lagarde, head of the International Monetary Fund, said eurozone inflation was "way below" target and that the risks to the bloc's fragile economic recovery should not be ignored.
"With inflation set to remain far below target in the eurozone's largest and arguably strongest economy, the ECB will remain under intense pressure to provide more policy support".
He is essentially hiding that Greece as a Eurozone member is committed to targets and not to the political means by which those targets are achieved.
