5 ms·

> Isn't the answer the euro? Only 19 out of the 28 european union members use the euro. So I don't think the euro (a 19 year old currency ) is the answer. Unle

> Isn't the answer the euro? Only 19 out of the 28 european union members use the euro. So I don't think the euro (a 19 year old currency ) is the answer. Unless something changes, then in the future it might be one of the answers. > you won't even have to worry about the brits messing with it... The brits never adopted the euro as their currency, so they never messed with it to begin with. > Stable, inflation proof, light or no sanctions. As brexit proceeds a Stable... brexit. The problem with the euro is that its political foundation ( european union ) seems weak. With britain leaving the european union, with the EU sovereign debt crisis and potential for further problems in the near term, it's more likely the EU will break apart and the euro discarded than the euro will replace the dollar as the reserve currency of the world. Being the reserve currency of the world requires the political and military backing of a stable superpower. For all our problems, the US isn't losing states like the EU is losing countries. If the dollar's stranglehold in the world break, we'll probably get regionally dominant currencies. The dollar will still dominate the western hemisphere. The eastern hemisphere will be dominated by regional economic powers and their currencies.

lispm 7y ago
> the near term, it's more likely the EU will break apart and the euro discarded That's not likely at all.
- blibble 7y ago
  it's all but certain that the EU will start to break up in 12 days time (whether or not it will stop there is a separate question)
  - lispm 7y ago
    There are countries waiting to join the EU. Some go, some come. Since 2000 thirteen countries have joined the EU.
    - kmlx 7y ago
      1. the expansion is over. last expansion resulted in some pretty nasty stuff. from massive EU fund corruption to a member leaving. 2. on this last point, how many hundreds of albanias would you need to replace the particular qualities the brits were bringing to the table? the only thing the EU can do is bring Russia onboard. something France and Germany are already doing, to the horror of the Eastern Europeans and the US
      - lispm 7y ago
        The expansion is not over. There are still european countries wanting to join. Btw., the UK (especially Boris Johnson) was a proponent of more countries joining the EU. France never wanted the UK in the EU in the first place. Maybe they were right? The UK was boykotting deeper EU integration on political, economical and defense levels, so after the UK leaving we may expect to see some progress. Boykotting Russia everywhere leads us nowhere. Cooperation does. Russia is not even a candidate joining the EU. We have Turkey in the line of countries - which is not liked by many EU countries, but PROMOTED by the current UK prime minister. Even the US has requested in the past the EU to take Turkey as a member. The US foreign policy is the current horror. Last time the US lawlessly invaded Iraq with a coalition of the willing. Now the US has many more countries unwilling to follow the foreign policy adventures of the least qualified administration since decades. A country like Poland sees with horror, that the US is no longer clearly committed to NATO.
        kmlx 7y ago
        the UK was one of many countries objecting to the current form of the EU. this will not go away with one member leaving. the EU is expecting another round of new participants in 2025. and the countries are the likes of Macedonia and Serbia. of course the EU politicians are already arguing about this, since the last expansion was a small disaster: https://www.google.co.uk/amp/s/www.politico.eu/article/eu-enlargement-reform-pushback/amp/ https://www.google.co.uk/amp/s/www.politico.eu/article/eu-en... personally i don't see how the EU can expand without major reform. countries like Poland and Romania are strong Nato allies looking in horror at Germany and France cozying up to Putin. the US simply expected the two western countries to pay up. they preferred to pay Russia instead.
- andreilys 7y ago
  The EU is more likely to break apart than it is to become the world reserve currency.
  - lispm 7y ago
    Neither makes sense. What will happen though , is that EU countries will make sure that more monetary independence is possible and that blackmail attempts by US government will not succeed. Trump has used that to undermine the European politics towards Iran. Trump is also using this as a threat against the EU and certain EU countries.

lispm 7y ago

> the near term, it's more likely the EU will break apart and the euro discarded That's not likely at all.

blibble 7y ago
it's all but certain that the EU will start to break up in 12 days time (whether or not it will stop there is a separate question)
- lispm 7y ago
  There are countries waiting to join the EU. Some go, some come. Since 2000 thirteen countries have joined the EU.
  - kmlx 7y ago
    1. the expansion is over. last expansion resulted in some pretty nasty stuff. from massive EU fund corruption to a member leaving. 2. on this last point, how many hundreds of albanias would you need to replace the particular qualities the brits were bringing to the table? the only thing the EU can do is bring Russia onboard. something France and Germany are already doing, to the horror of the Eastern Europeans and the US
    - lispm 7y ago
      The expansion is not over. There are still european countries wanting to join. Btw., the UK (especially Boris Johnson) was a proponent of more countries joining the EU. France never wanted the UK in the EU in the first place. Maybe they were right? The UK was boykotting deeper EU integration on political, economical and defense levels, so after the UK leaving we may expect to see some progress. Boykotting Russia everywhere leads us nowhere. Cooperation does. Russia is not even a candidate joining the EU. We have Turkey in the line of countries - which is not liked by many EU countries, but PROMOTED by the current UK prime minister. Even the US has requested in the past the EU to take Turkey as a member. The US foreign policy is the current horror. Last time the US lawlessly invaded Iraq with a coalition of the willing. Now the US has many more countries unwilling to follow the foreign policy adventures of the least qualified administration since decades. A country like Poland sees with horror, that the US is no longer clearly committed to NATO.
      - kmlx 7y ago
        the UK was one of many countries objecting to the current form of the EU. this will not go away with one member leaving. the EU is expecting another round of new participants in 2025. and the countries are the likes of Macedonia and Serbia. of course the EU politicians are already arguing about this, since the last expansion was a small disaster: https://www.google.co.uk/amp/s/www.politico.eu/article/eu-enlargement-reform-pushback/amp/ https://www.google.co.uk/amp/s/www.politico.eu/article/eu-en... personally i don't see how the EU can expand without major reform. countries like Poland and Romania are strong Nato allies looking in horror at Germany and France cozying up to Putin. the US simply expected the two western countries to pay up. they preferred to pay Russia instead.
andreilys 7y ago
The EU is more likely to break apart than it is to become the world reserve currency.
- lispm 7y ago
  Neither makes sense. What will happen though , is that EU countries will make sure that more monetary independence is possible and that blackmail attempts by US government will not succeed. Trump has used that to undermine the European politics towards Iran. Trump is also using this as a threat against the EU and certain EU countries.