FWJ Posted January 22, 2015 Share Posted January 22, 2015 "Quantitative Easing" from the European Central Bank. It's many decades since I did economics - but isn't this just printing money? Doesn't that debase a currency? I thought the Germans (and let's not be coy, they pull the levers) had a horror of that after 1923? Link to comment Share on other sites More sharing options...
Ray Gin Posted January 22, 2015 Share Posted January 22, 2015 Link to comment Share on other sites More sharing options...
Craig_ Posted January 22, 2015 Share Posted January 22, 2015 "Quantitative Easing" from the European Central Bank. It's many decades since I did economics - but isn't this just printing money? Doesn't that debase a currency? I thought the Germans (and let's not be coy, they pull the levers) had a horror of that after 1923? Pretty much, yes. Link to comment Share on other sites More sharing options...
269miles Posted January 22, 2015 Share Posted January 22, 2015 "Quantitative Easing" from the European Central Bank. It's many decades since I did economics - but isn't this just printing money? Doesn't that debase a currency? I thought the Germans (and let's not be coy, they pull the levers) had a horror of that after 1923? Yes, but there the similarity ends. The Eurozone is a stagnating economy heading towards deflation, not inflation. Link to comment Share on other sites More sharing options...
JamboX2 Posted January 22, 2015 Share Posted January 22, 2015 "Quantitative Easing" from the European Central Bank. It's many decades since I did economics - but isn't this just printing money? Doesn't that debase a currency? I thought the Germans (and let's not be coy, they pull the levers) had a horror of that after 1923? Syriza in Greece and Renzi in Italy are worrying Angela. Calling for a loosening of austerity to allow them to avoid a lost decade to German enforced prudence to protect the German economy is gaining them support in southern EU states. In turn to undercut the threat to the euro and the unity of the EU Germany has made the call to the ECB to print money to let states have more scope to avoid harsher and harsher cuts. A gamble to avoid Greek default and the collapse of the EU. Link to comment Share on other sites More sharing options...
FWJ Posted January 22, 2015 Author Share Posted January 22, 2015 Syriza in Greece and Renzi in Italy are worrying Angela. Calling for a loosening of austerity to allow them to avoid a lost decade to German enforced prudence to protect the German economy is gaining them support in southern EU states. In turn to undercut the threat to the euro and the unity of the EU Germany has made the call to the ECB to print money to let states have more scope to avoid harsher and harsher cuts. A gamble to avoid Greek default and the collapse of the EU. Syriza in Greece and Renzi in Italy are worrying Angela. Calling for a loosening of austerity to allow them to avoid a lost decade to German enforced prudence to protect the German economy is gaining them support in southern EU states. In turn to undercut the threat to the euro and the unity of the EU Germany has made the call to the ECB to print money to let states have more scope to avoid harsher and harsher cuts. A gamble to avoid Greek default and the collapse of the EU. Not being Devil's Advocate here, but would a Greek withdrawal lead to the collapse of the EU? Cards on the table - I'm a Federalist, I suppose. I would welcome a 'United States of Europe'. I reckon we've been through the wringer and now have a lot to offer. I'd hate for us to go back to being a pile of bickering and occasionally catastrophically warring nations. Link to comment Share on other sites More sharing options...
djf Posted January 22, 2015 Share Posted January 22, 2015 Probably a good time to remind Germany of the 3 strikes and you're out rule. Link to comment Share on other sites More sharing options...
FWJ Posted January 22, 2015 Author Share Posted January 22, 2015 Probably a good time to remind Germany of the 3 strikes and you're out rule. Lol. But we kind of need them 'in' though. Link to comment Share on other sites More sharing options...
Neilson's Shank Posted January 22, 2015 Share Posted January 22, 2015 Phew, thought someone had leaked th true amount of the Rangers monthly wage bill. Link to comment Share on other sites More sharing options...
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