The printing presses at the Banque de France and the Banca d'Italia are working overtime to make up for the outflow of money. But this only furthers the exodus, because creating more money prevents interest rates from rising to a point at which capital would find it attractive to stay.

This is the second paragraph at
http://www.project-syndicate.org/commentary/two-models-for-europe

That seems to imply that the Banque de France and the Banca d'Italia were printing euronotes, which I think they can't do under the current rules of the BCE, am I wrong? What could he be meaning else?

res humà m'és aliè