Quote Originally Posted by gaelic cowboy View Post
No the euro is not backed by gold or countries it merely has a value that everyone agrees it has in short German has paid no one any money.
That must be unique in all monetary systems in the world in the history of manking that is has no backing by anything at all.

Germany has paid no one any money, as we all live in the delusion that everything will get paid back. Which it is by lending money so that the last set of debts can be paid off.