1. How is it that countries that are member of the Euro have their own bond sales?
2. Hypothetical answer: the Italian bond can only be cashed in at Italy?
3. If that is true then I still wonder: how is the Euro created. Does the ECB just print it, or do they have to buy bonds from the various nations?
4. Related question: why don't people see how insane this system is that sucks money out of sovereigns and into central banks leading to banktruptcy and loss of sovereignty?