The Germans won’t just print money. They won’t let the ECB get away with doing it either. That is what the Fed would do. That’s what the Fed wants Germany to do. But Germans have their own ideas about such things. They wouldn’t do it because of inflation risks and hyper-inflatIon risks. Nor are they interested in putting themselves in debt to bail out the Greeks, Portuguese, Spanish, or Italians. They wouldn’t even do it to bail out the French.
Instead they expect countries to cut their budgets and adopt more austerity measures. Otherwise the currency won’t survive.