And if such central bank arrogance persists, the Euro could eventually go the way of the Hungarian Pengo.

FORBES: Europe's Solution Isn't More Inflation

By the time they finished printing the series, the Pengo was finished and they were sweeping up banknotes in the street as trash.

FORBES: Stage Already Set For Inflation

As the people who swept up billion Pengo notes from the streets of Hungry in the 1950s discovered, money can literally sometimes not be worth the paper it is written on.

FORBES: Another Leg Of The Credit Crunch Is Coming Soon