What would it take for euro to dethrone king US dollar?

https://euobserver.com/green-economy/arbbd7567a

Posted by Westervangaal

12 comments

  1. It has to be the largest consumer trading block in the world.

    But like Asia, Europeans aren’t a highly consumerist society. So I don’t know how that happens. We save our disposable incomes.

  2. Hey, I’m the author.

    US treasuries selling off again—sharing this piece I wrote last week. Leans a lot on the work of political economists Jens van ‘t Klooster and Steffen Murau.

    The euro’s too small to replace or rival the dollar as global reserve currency, but there’s a lot the EU/ECB can do to grow its international role and help steady the global financial system. (Open access)

    Hope it’s interesting!

  3. Not much just

    Make Crypto a trusted alternative globally so you can transfer it freely and use it anywhere liquid or credit.

    Oh and make banks and trust funds to dump all their USD Bonds to replace with Crypto Bonds, to buy crypto bonds

    Oh and make everybody buy and sell in crypto big things like OIL etc.

    And maybe just make US have no global influence by disarming them or something, and sit it out while thehy’re being replaced

    You can replace “Crypto” with anything, Euro and what not.

    Just used crypto as it add to the fact it can’t really happen.

    In theory sure, But yeah.

    EDIT:

    I use shekels anyway

  4. Won’t happen, a US-Russia coordinated attack on Europe is more likely.

  7. Europeans, especially the governments of European countries, should first stop kissing the American president’s ass, become individuals with independent personalities, and nations with independent dignity.

  8. The truth is the Euro has some drawbacks simply because it is the currency for multiple sovereign nations. It can much be harder for the EU to enact monetary policy, especially if countries have competing interests.

    Many European countries also don’t have the same appetite for borrowing and spending.

  9. The Euro right now does have the best chance. But with its population issues and its largest economies exports as a portion of GDP(when export make up a significant portion of GDP they tend to worry about currency valuation). That is the csse with China they for years kept currency valuation to the dollar low to keep exports up. No one wants to be using a currency as a reserve if the valuation will be manipulated similarly.

    Best chance for a replacement will most likely be a basket of currencies tied to 1 new currency.

  10. Umm.. non Euro, non US redditor here…and nope nope nopesi nope … would not want to trade one hegemonistic western economy’s dominance with a similar one, and that too, a group of countries that have been historically more successful at, you know, colonisation.

  11. HS anyone considered maybe a single hegemonic currency dictating the exchange rates and commodity trade isn’t a desired state?

  12. World currencies have changed throughout time, the market will decide what is the most beneficial for businesses. In the western influence sphere, world currencies have lastet 80-100 years. That is approximately the time we have been dependent on the USD so in a historical perspective a change is due.

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