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comment by ecib
ecib  ·  4027 days ago  ·  link  ·    ·  parent  ·  post: Currency as Culture (@ Ikea)

It is my understanding that the Eurozone does not have a central bank that can regulate and manipulate the Euro like the Federal Reserve in America. This seems like a fault line to me as it pits Eurozone countries against each other in times of economic duress. Is that overly simplistic?