schuttsm on Nostr: It’s also a short term release valve in times when a country needs relief This was ...

It’s also a short term release valve in times when a country needs relief

This was most clearly seen in Greece where the central bank printed money to relieve their sovereign debt crisis until they moved to the Euro, when they could no longer do so. Then when 2008 GFC hit, they had fewer options and hit a wall that almost took down the whole EU