Europe’s pin-striped panickers are waking up to the truism that spending money to buy a lack of money doesn’t quite bear the rich returns they had imagined.
It turns out spending ten euros on buying minus one hundred euros, rather than being a money-spinner, simply leaves you one hundred and ten euros worse off.
The following text explaining the equation is an extract from ‘Monster’s six year old cousin’s homework last week.
(yes, ‘Monster banks with Fortis, before you ask)
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