U hear this about
Italy these days
Total outstanding sovereign debt
plus a trillion and near a trillion and a half euros
Peanuts really
for the league of MNC CB's
Ie corporate clique dominated
And
decisively influenced
central bankers
Even the ECB acting alone can simply create that without much real consequence on prices
Asset
commodity
Industrial Product
wage rates
or otherwise
Value of euro ?
Well that is where the other league members enter
To preserve the forex relationships more or less as is
The others might need to increase euro reserves
And add more other moneys into the global currency systems
Two words there apply
Liquidity trap
Both ongoing and global
