old Byzantine monastery in Kaisariani, Athens, Greece

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July 23, 2012

Related: Will the ESM have unlimited funding?

In this plan being floated in Europe, unlimited money (i.e., printing) coming from the European Central Bank is supported by France and Italy, and citing the inflation risks, is opposed by Germany.

It is possible that (for some parties) inflation actually is the goal, as it would would shrink existing loan liabilities?

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