Germany sees highest spike in bankruptcies in 20 years
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when the government goes bankrupt aswell
the government cannot go bankrupt
Right. Tell that Argentinia, Greece or Ecuador.
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Right. Tell that Argentinia, Greece or Ecuador.
a government that prints its own money cannot go bankrupt.
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a government that prints its own money cannot go bankrupt.
They don't print their own money.
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They don't print their own money.
So what do you call the process of selling government bonds then?
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So what do you call the process of selling government bonds then?
"Selling bonds" and not "printing money".
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"Selling bonds" and not "printing money".
Emitting government bonds is literally how governments print money.
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Emitting government bonds is literally how governments print money.
This is not how this works. You can't just go ahead as an EU country and print as much Euro as you want. The ECB prints it, not your country. It's regulated in Brussels.
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This is not how this works. You can't just go ahead as an EU country and print as much Euro as you want. The ECB prints it, not your country. It's regulated in Brussels.
I'm sorry but yes, this is literally how it works. Please go look it up, this is vital for this discussion that you understand how money is generated. The german government bonds are one of the most wanted bonds in the world.
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I'm sorry but yes, this is literally how it works. Please go look it up, this is vital for this discussion that you understand how money is generated. The german government bonds are one of the most wanted bonds in the world.
wrote on last edited by [email protected]EU countries cannot freely print money; only the European Central Bank (ECB) has the authority to issue euro banknotes and manage monetary policy for the eurozone. Individual member states must adhere to strict fiscal rules and cannot create their own currency or print euros independently. Every country can sell bonds with a currency they don't control.
This is common knowledge.
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EU countries cannot freely print money; only the European Central Bank (ECB) has the authority to issue euro banknotes and manage monetary policy for the eurozone. Individual member states must adhere to strict fiscal rules and cannot create their own currency or print euros independently. Every country can sell bonds with a currency they don't control.
This is common knowledge.
You're technically right that germany doesn't print euros, the ECB does. But your conclusion is still wrong: germany isn’t remotely close to bankruptcy, and equating its situation with Argentina or Greece misunderstands both monetary sovereignty and how the Eurozone functions.
As to how freely a country, especially germany, can print money: German government bonds are one of the most sought after, because risk free bonds of all. If it really wants, it can sell as many as it wants; because it has such a strong economic power behind it.