For Peer Steinbrück and Axel Weber, 2007 is an important year, as the fifth anniversary of the euro in circulation also marks the end of the transition phase to the full socialisation of the Bundesbank’s seigniorage, i.e. its profits from money creation. The times when Germany could achieve special profits from exporting its currency are gone for ever.
The 30 billion euro deal
Hans-Werner Sinn, 22 June 2007
Topics: Monetary policy
Tags: Bundesbank, Germany, Maastricht Treaty, seigniorage
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