It’s getting through to my brain cells a bit more now chopera, it’s quite interesting really, it appeared to be making Germany particularly stronger but can see problems with them ending up with too many euros from other countries, oh and Ubeda’s 😉
yes that’s it I think – the Bundesbank has got lots of euros – but they’re deposited with other central banks in the eurozone. If Germany leaves the euro then the euro will devalue against the Mark and so will those deposits. It is quite interesting how this is all interlinked and a bit counter intuitive. I just wish I could understand it better.