"He regards such purchases as being tantamount to financing governments by printing bank notes," the Bundesbank said in a statement.
Even the German Bundesbank, officially part of the European Central Bank, put out a statement commenting acidly that the plan was "financing governments by printing bank notes".
In 2007 an NGO called 5th Pillar came up with the idea of printing bank notes with a value of zero.
The regime even forged its own currency: the contractors printing bank notes for the government were caught producing more than one note for each serial number, and trousering the duplicates.
Jens Weidmann, head of the Bundesbank, issued a statement calling the Draghi decision "tantamount to financing governments by printing bank notes" and accusing the Italian banker of breaking ECB rules.
The tight regulations which governed the whole process the petition forms were printed on bank security paper, for example—makes it unlikely that many signatures will be disqualified.
The CNE's rules were so strict that, for example, petition forms were printed on bank security paper to avoid fraud.
Clarkson printed his bank details in the Sunday Times to prove that worries about identity theft were a "storm in a teacup".
Consumers requiring bearer instruments for peer-to-peer transactions with immediate settlement are mostly limited to IOUs printed as bank notes.
Over 95% of all dollars in existence today were "printed" through bank lending since 1971, when Nixon reneged on gold exchangeability.
