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The EUR isn't proven enough to overtake the USD. The eurozone is just now exiting a deep recession that exposed the weakness of its structure. Until the eurozo
by elliottlocke 8y ago
The EUR isn't proven enough to overtake the USD. The eurozone is just now exiting a deep recession that exposed the weakness of its structure. Until the eurozone countries adopt a more coherent monetary and fiscal union, crises like Greece will still be a risk (this is before we get into the level of bailing out German banks for betting on Greece).
Remedy this, and the EUR will become a serious threat to the USD.