FionaK |
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| QUOTE That is surprise money: I had no idea we had that kind of capital just lying around. But we're going to get it back, they say. They dont actually hand over any cash, Iccarus: at least not if the country does not default. That is one of the obfuscating things in all this: it is access to credit only. Virtual money, as you say. However I am not clear whether this means you can spend it twice, or not. Some articles claim it represents "opportunity cost" because you can't: others are far from clear about this but I think you can. It is a balance sheet item only. I think |
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