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> governments are immortal and can print their own money The part with governments "can print their own money" is actually incorrect for many European countrie
by pdelgallego 14y ago
> governments are immortal and can print their own money
The part with governments "can print their own money" is actually incorrect for many European countries. That is the main problem for the PIIGs right now.
- rjknight 14y agoVery true. The figures are incredibly bad: http://www.themoneyillusion.com/?p=18161 http://www.themoneyillusion.com/?p=18161
- jfrm 14y agoWhy is this downvoted? The statement is correct. You can argue if it's the main problem, but it's certainly a problem. The countries in the Euro zone cannot print their own money at will.
- roel_v 14y agoNot sure why you were down voted since you're spot on.