It will be hard to ever rival the dollar, but at least it has the merit to be a strong alternative nowadays by being stable.
This might happen (might!) once petrol is no longer extracted and the petrol industry disappears.
Unpopular opinion here, but there is no chance it will be on level with the dollar within my lifetime. Unless you somehow make all of Europe join Eurozone which is never gonna happen.
What exactly is “rivalling”? The euro’s worth more and is another stable currency. The dollar is also controlled by a single country, much easier to sink with a shitty administration than the euro where so many countries are involved. The dollar is only used as much as it is because that’s what everyone uses, incentivizing its own use, just like people keep using facebook not because of its amazing UI, thought provoking content or great company practices but because that’s where everyone is, otherwise I’d imagine the chinese currencies (however that works, there’s two of them) would be the most used one.
Uncle Benji never sleeps.
That’s never going to happen, let’s be honest.
Dollar is cheap, and universally recognised internationally as the defacto currency.
I don’t see it happening. The primary world’s reserve currency is the US’ to lose; only in a situation where the US royally fucks up the handling of the USD and the ECB doesn’t fuck up handling the euro could the euro overtake the USD IMO, and considering the ecb is basically copying powell’s homework, good luck with that.
EuroDollar it is then
Yeah and they’ll still be dreaming it in the next 20 years…
Grabs salted popcorn
EU is third region behind USA and China, and the separation keeps growing.
Might be possible if the US keeps printing so much money
The euro will only be able to rival the dollar if and when EU members start paying for resources like oil and minerals in euro.
“but also set up a rivalry with the United States and its powerful dollar.”
That’s some weird nationalism against people who are Allies of yours.
14 comments
It will be hard to ever rival the dollar, but at least it has the merit to be a strong alternative nowadays by being stable.
This might happen (might!) once petrol is no longer extracted and the petrol industry disappears.
Unpopular opinion here, but there is no chance it will be on level with the dollar within my lifetime. Unless you somehow make all of Europe join Eurozone which is never gonna happen.
What exactly is “rivalling”? The euro’s worth more and is another stable currency. The dollar is also controlled by a single country, much easier to sink with a shitty administration than the euro where so many countries are involved. The dollar is only used as much as it is because that’s what everyone uses, incentivizing its own use, just like people keep using facebook not because of its amazing UI, thought provoking content or great company practices but because that’s where everyone is, otherwise I’d imagine the chinese currencies (however that works, there’s two of them) would be the most used one.
Uncle Benji never sleeps.
That’s never going to happen, let’s be honest.
Dollar is cheap, and universally recognised internationally as the defacto currency.
I don’t see it happening. The primary world’s reserve currency is the US’ to lose; only in a situation where the US royally fucks up the handling of the USD and the ECB doesn’t fuck up handling the euro could the euro overtake the USD IMO, and considering the ecb is basically copying powell’s homework, good luck with that.
EuroDollar it is then
Yeah and they’ll still be dreaming it in the next 20 years…
Grabs salted popcorn
EU is third region behind USA and China, and the separation keeps growing.
Might be possible if the US keeps printing so much money
The euro will only be able to rival the dollar if and when EU members start paying for resources like oil and minerals in euro.
“but also set up a rivalry with the United States and its powerful dollar.”
That’s some weird nationalism against people who are Allies of yours.