1. Virtually all hyperinflations begin with such monetisation of budget deficits, including Germany's in 1920-24, which explains the Bundesbank's, and now the ECB's, reluctance to lend to governments.

2. In China, it's the other way round. Monetisation comes first, innovation comes later.

3. The market is subject to fierce competition, users are averse to paying for content and rampant copyright violations make monetisation in their home market more difficult than in the US.

4. Widgets and Gadgets have grown in popularity over the past year, and are creating new monetisation opportunities.

5. If Germany continued to reject an increase in its own liabilities, debt monetisation through the European Central Bank and eurobonds, the crisis would logically end in a break-up.