3 ms·
> You sell them to the US, and they pay you with green pieces of paper. That's not how any of this works. It is far more common to price things you buy from th
by xorcist 7y ago
> You sell them to the US, and they pay you with green pieces of paper.
That's not how any of this works. It is far more common to price things you buy from the US in USD. Which is also why monetary policy works.
Half of exports from the eurozone is in EUR. About a quarter is in USD.