European finance ministers have called for the introduction of low value euro notes instead of coins to reduce pressure on inflation. The idea is that people do not value coins highly and are therefore more likely to spend them. "People just aren't used to handling high-value coins," Giulio Tremonti, the Italian chairman of the eurogroup finance ministers' meeting said.
Source: Financial Times
Europe's finance ministers came up with a novel answer last night to the woes facing the EU economy: r
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