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By selling stuff to Greeks and then not spending the money back with Greece. Same as the Chinese have done with the USA - except with a fixed exchange rate. Y
by neilwilson 2y ago
By selling stuff to Greeks and then not spending the money back with Greece.
Same as the Chinese have done with the USA - except with a fixed exchange rate.
You get the same within a country when the counteracting transfers are insufficient. London booms and Birmingham declines.