>Neither country is better or worse because of that. The article doesn't bother to explain the ramifications. This is not entirely true [0]. The money-multipli

>Neither country is better or worse because of that. The article doesn't bother to explain the ramifications. This is not entirely true [0]. The money-multiplier effect would mean the bank in Germany then has something like ~$900 more dollars (converted to Euro's of course) that it could loan out. I'm not sure on their exact Reserve Requirement, but it appears to be less than 10%. Apparently the UK doesn't have much of a Reserve Requirement though, so perhaps they would not necessarily lose out as much as Germany would gain in this scenario. [0]https://en.wikipedia.org/wiki/Fractional-reserve_banking#Money_multiplier https://en.wikipedia.org/wiki/Fractional-reserve_banking#Mon...