Saturday November 28, 2020

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

25th October, 2020
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...

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