what? the ECB is buying state bonds. maybe thats the reason the ECB is its own state, no authorities allowed to enter the building. wondering how they will audit the ECB. ahh right, they wont. :)
39 karma · joined January 3, 2025
The euro has depreciated more (in both real purchasing power and against other currencies) than the Deutsche Mark.
The DM was seen as one of the strongest and most stable post-WWII currencies, while the euro has struggled with crises and inflation.
Bulgaria pegging to the DM in 1997 meant anchoring to a much harder currency than what the euro has become.
Love it.