Christine Lagarde propone di rafforzare l’euro contro la debolezza del dollaro americano
Christine Lagarde proposes reinforcing the euro against the weakness of the US dollar
di casualphilosopher1
Christine Lagarde propone di rafforzare l’euro contro la debolezza del dollaro americano
Christine Lagarde proposes reinforcing the euro against the weakness of the US dollar
di casualphilosopher1
6 commenti
The Muricans wouldn’t be so arrogant if their dollar wasn’t the world’s go to currency.
Something Lagarde said in June
>the euro accounts for approximately 20 percent of global foreign exchange reserves, and that the “dominant role of the US dollar”, which accounts for 58 percent, “is no longer certain”.
This is the EU’s chance. If everyone got together and boosted their currencies(Euro, Pound, Yen, Yuan, Riyal, Rupee, Dinars etc etc) against the dollar then in another 20 years they can cut the dollar’s share of world reserves down to less than 50 percent. Maybe even 40 percent.
Meanwhile the Euro can come up to 30 percent. Encourage all the countries afraid of MAGAmerica grabbing them by the economic balls to convert their national reserves from $ to €. Get European banks together to start a non-dollar international payment system.
Then the Muricans with their yuge debt will be *begging* the rest of the world for help instead of threatening and extorting other countries mafia-style.
Hope they don’t miss the open goal(They will).
This is tempting, but will a strong euro be in the best interests of European industry?
If only that it *were* so simple
>The official “warned that the eurozone must transform its **economic openness into resilience** if it wants to maintain the currency as a pillar of **stability in times of global uncertainty**.”
Big institutional investors like pension funds etc. are not interested in fast profit but prefer stability and predictability.
A ‘strong’ Euro is not so much ‘high value’ that keeps increasing but more of a ‘solid’ value that doesn’t change when some dictator farts at an inappropriate moment.
>US sollar weakness
Who writes this trash?
I remember the strong currency politics from the turn of the 80s/90s. Economy here still hasn’t recovered from that depression.