EU fails to realise that the euro could be genuine rival to dollar

25th October, 2020
EU fails to realise that the euro could be genuine rival to dollar
The European bonds are part of a €100 billion package of support for job retention as a result of the pandemic, known as SURE (for “Support to mitigate Unemployment Risk in an Emergency”).

One of the failings of the EU over the past two decades has been its inability to make the euro a genuine rival to the US dollar.

Since the single currency became a reality in 2002 with the launch of euro-denominated notes and coins, it has become a force to be reckoned with in the financial markets. But unlike the US dollar, it is not the world’s trading currency.

This is not a failure...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Editorial: HSE attack shows the state must get serious on cybercrime

Editorial: Vaccination campaign must stay one step ahead of virus variants

Editorial: Government must take radical measures to fix housing crisis

Editorial: Dropping patents may not solve the global Covid vaccine crisis