Trongersoll
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former Software Engineer
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Post by Trongersoll on Aug 9, 2011 13:48:31 GMT -5
What is Europe's equivalent of the Fed. Res.?
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Virgil Showlion
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[b]leones potest resistere[/b]
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Post by Virgil Showlion on Aug 9, 2011 13:52:20 GMT -5
It's called the European Central Bank (ECB).
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rovo
Senior Member
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Post by rovo on Aug 9, 2011 15:18:38 GMT -5
Euro is doomed. Loosely knit, with a weak ECB, countries running up debt off the official books, gaak.  |
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Trongersoll
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former Software Engineer
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Post by Trongersoll on Aug 9, 2011 15:33:09 GMT -5
i was just wondering who can print eMoney like the Fed can.
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Bluerobin
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Post by Bluerobin on Aug 9, 2011 15:50:04 GMT -5
Rovo, somehow, I too expect countries to start pulling away from the Euro.
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Value Buy
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Post by Value Buy on Aug 10, 2011 0:07:02 GMT -5
Euro is doomed. Loosely knit, with a weak ECB, countries running up debt off the official books, gaak. I have thought that for months, and yet is stays well ahead of the dollar......doesn't say much for the dollar...... |
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Post by yclept on Aug 10, 2011 0:34:39 GMT -5
The European Central Bank does print some euros, but the great majority are printed by the individual country members. The central bank authorizes the number of notes and denominations the individual banks can print. The individual country mints can mint as many coins as they want to. Individual notes do have a serial number that incorporates a code that designates which country printed them. The written language on a note also varies according to the country that printed it. I've not read of any country printing more euros than they were authorized, but counterfeits exist, of course, as they do for US dollars. The Euro has a lot more security measures than the USD, thus making it harder to counterfeit. Each denomination is a different size than all the others which I would think would be a terrible pain in the ass from the standpoint of stuffing them in one's wallet. en.wikipedia.org/wiki/Euro_banknotes#Issuance_and_printing |
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Trongersoll
Junior Member
former Software Engineer
Joined: Jul 1, 2011 11:51:53 GMT -5
Posts: 178
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Post by Trongersoll on Aug 10, 2011 13:56:11 GMT -5
I wasn't concerned about physical money, i know the different countries printed their own version. I was wondering who could create electronic money like the Fed can.
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Post by yclept on Aug 12, 2011 1:12:34 GMT -5
Technically they all can and have been doing so, which is why some of the most egregious of them are getting slapped on the wrist by the ECB.
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Post by yclept on Aug 12, 2011 11:53:04 GMT -5
"Credit is a system whereby a person who cannot pay gets another person who cannot pay to guarantee that he can pay" - Charles Dickens
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Small Biz Owner
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Post by Small Biz Owner on Aug 17, 2011 13:02:46 GMT -5
Greece just might be dropped?
Germans and Dutch polls both show populace wants Greece out.
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