5 ms·
I guess we just disagree on if the euro makes sense as a reserve currency. It’s too volatile for my taste. It observably performs poorly during times of panic.
by rank0 3y ago
I guess we just disagree on if the euro makes sense as a reserve currency.
It’s too volatile for my taste. It observably performs poorly during times of panic. Almost all global trade is conducted in dollars. Inflation is much worse in the EU than the US.
The ECB just follows the Fed, except worse. They maintained negative interest rates for a decade!
Can you make a case for why the euro should be a reserve currency?