Re:In Greece, Property Is Debt
by aluhut on Thursday November 03, 2016 @04:35AM
(#12862386)
It's not redistribution of wealth when with every Euro you print, the currency gets further devaluated. This wouldn't happen. Ever. They'd rather separate it in North and Sourth Euro before somebody would even seriously think about that for a second.
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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 collapse.