• doodledup@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          edit-2
          24 days ago

          This is not how this works. You can’t just go ahead as an EU country and print as much Euro as you want. The ECB prints it, not your country. It’s regulated in Brussels.

          • phelan@feddit.org
            link
            fedilink
            English
            arrow-up
            1
            ·
            23 days ago

            I’m sorry but yes, this is literally how it works. Please go look it up, this is vital for this discussion that you understand how money is generated. The german government bonds are one of the most wanted bonds in the world.

            • doodledup@lemmy.world
              link
              fedilink
              English
              arrow-up
              1
              ·
              edit-2
              23 days ago

              EU countries cannot freely print money; only the European Central Bank (ECB) has the authority to issue euro banknotes and manage monetary policy for the eurozone. Individual member states must adhere to strict fiscal rules and cannot create their own currency or print euros independently. Every country can sell bonds with a currency they don’t control.

              This is common knowledge.