If the dog has eaten your homework and your money, you can get replacement banknotes from the central bank, at least in the eurozone, but only if more than half of each one is still there. But the homework you will have to reconstitute yourself.
Bitcoin is on everyone's lips, but in Germany there is a once mighty currency that you can actually put your hands on — just don't try paying with it. Why are 12 billion Deutsche Marks still in circulation?
Germany's central bank earned €2 billion more than it spent last year, doubling its profit compared with the previous year and contributing a nice windfall to the government budget after a meagre 2016.
The idea that the European Central Bank would become so big and powerful was something that its founders did not expect 20 years ago. In fact it has become more powerful the more the monetary union has been threatened.
Italy’s new Finance Minister Giovanni Tria has said the government aims to stick with the euro and also cut debts levels. His words should help assuage fears of an Italian spending splurge and exit from the EU currency.
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