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by JanZizka on August 16th, 2009
THough also a fiat currency like the US dollar, they EU hasn't been playing (or at least not to the same extent) the fun little game that the US has of running up a mindbogglingly high deficit, printing money with no backing to back that deficit, and (most recently) monetizing the debt (Federal Reserve's recent purchases of Treasuries).
I expect the Euro will remain stronger than the USD for sometime and will likely even gain ground when inflation (thanks to debt monetization and overprinting of money) strangles any economic recovery.
What kind of money do they have in Germany?
by Answerbag Staff on March 3rd, 2011
| 1 person likes this
What is a euro-currency loan?
by Answerbag Staff on June 21st, 2010
| 1 person likes this
In what year did the Euro become the European money?
by Answerbag Staff on March 1st, 2011
| 1 person likes this
Why are Euros so wierd?
by Have A Nice Day on June 24th, 2010
| 1 person likes this
In British shops, can you pay for things in Euros?
by Your sisters cute friend on June 13th, 2011
| 1 person likes this
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