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The currency doesn't get devaluated in this case because the supply of Euros doesn't increase--the ECB is only replacing the money supply lost when the banks co
by hx87 10y ago
The currency doesn't get devaluated in this case because the supply of Euros doesn't increase--the ECB is only replacing the money supply lost when the banks collapse.
- aluhut 10y agoBut the supply is not "lost". It did not disappear in space.