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Euro isn’t a reserve currency because of absence of true military powers and dependable justice system that is overly complicated and fragmented to the whims of
by sytelus 6y ago
Euro isn’t a reserve currency because of absence of true military powers and dependable justice system that is overly complicated and fragmented to the whims of individual countries. Further, Euro is always risk of countries leaving it and weakening its strength and future. China is still far from developing military powers and world cannot trust that reserve currency won’t be manipulated outright. So, no, there are no real options right now to provide the same economic service.