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The consequences of printing money - will it actually mean more cash in your pocket?

n INFLATION: The ECB wants to print money, in part, to generate some inflation and prevent prices falling - which can be damaging for an economy. However, this means the euro is effectively worth less.

n HOUSE PRICES: The cost of big-ticket items which often require credit such as houses and cars will almost inevitably rise.

n EXPENSIVE HOLIDAYS: Trips to America, Britain and anywhere outside the eurozone will be more expensive, as your euro falls in value compared to other currencies.

n SAVINGS: People will see the value of their savings dwindle. Some will start spending - but others will just get poorer as their money loses value.

n SHARES: The value of shares could well rise as people pour savings into other investments and companies export more.

Irish Independent