3 ms·

>Bonus question: Why not Euros? Euro is far, also Euro is far more left leaning (I guess) than the US (even democrats in the US would be considered right form

by xxs 3y ago

>Bonus question: Why not Euros? Euro is far, also Euro is far more left leaning (I guess) than the US (even democrats in the US would be considered right form the center in Europe). But the real issue would be the lack of currency reserves - least I'd think Argentina might have more Dollar notes than Euro ones.

Dma54rhs 3y ago
What on earth is a left leaning currency?
- dsr_ 3y ago
  Clearly, a left-leaning currency is one supported by an economy based on facts, and a right-leaning currency is supported by an economy based on feelings. I don't know how this helps, though.
  - cscurmudgeon 3y ago
    Fact: Argentina's peso ("left-leaning fact-based" currency) went from worth 0.35 US dollars to now 0.0029 US dollars in less than 5 years.
- blipvert 3y ago
  The Euro is woke, don’tcha know /s
- xxs 3y ago
  The Euro and the eurozone (and the countries represent by) are related, along with its monetary policies. Similar to the USD (the dollar) - US is part of the name. The elected president is on the quite right side of the spectrum, so associating with any left wing policies/countries would be very unlikely, given Argentina's currency dropped massively during the last years. He won vs a candidate who used to be a financial minister overseeing several hundreds percent inflation.
The_Colonel 3y ago
How does Europe being left leaning matter? The exchange rate is basically as stable as USD... Or do you mean it's just because of the strong Milei's ideology?
- xxs 3y ago
  Nothing to do with the EUR/USD rate, of course. I very much doubt the 'new' president would even hear anything left leaning, he is considered rather radical.
kpw94 3y ago
> Euro is far Technically, from a geography point of view, euro-using countries as official currency are closer than USD: https://eur-lex.europa.eu/EN/legal-content/glossary/outermost-regions.html https://eur-lex.europa.eu/EN/legal-content/glossary/outermos... (I.e. French guiana's currency is the Euro)
- xxs 3y ago
  If we are to go in such technicalities, Ecuador is closer. The distance - far/close matters when it comes to the trading partners more than anything. The US and Brazil being the biggest ones[0], and the trade is in USD. [0] https://www.indec.gob.ar/uploads/informesdeprensa/i_argent_02_23EC82BFFB1E.pdf https://www.indec.gob.ar/uploads/informesdeprensa/i_argent_0...
deleted 3y ago
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the_third_wave 3y ago
> even democrats in the US would be considered right form the center in Europe That used to be the case but it is true no longer, current 'Democrats' (between quotes because the DNC seems to be as democratic as the DRC from what I've seen) are comparable to centre-left parties in north-western Europe. The more activist wing of the 'Democrats' is comparable to socialist and communist parties in e.g. Sweden and the Netherlands.

by xxs 3y ago

Dma54rhs 3y ago

What on earth is a left leaning currency?

dsr_ 3y ago
Clearly, a left-leaning currency is one supported by an economy based on facts, and a right-leaning currency is supported by an economy based on feelings. I don't know how this helps, though.
- cscurmudgeon 3y ago
  Fact: Argentina's peso ("left-leaning fact-based" currency) went from worth 0.35 US dollars to now 0.0029 US dollars in less than 5 years.
blipvert 3y ago
The Euro is woke, don’tcha know /s
xxs 3y ago
The Euro and the eurozone (and the countries represent by) are related, along with its monetary policies. Similar to the USD (the dollar) - US is part of the name. The elected president is on the quite right side of the spectrum, so associating with any left wing policies/countries would be very unlikely, given Argentina's currency dropped massively during the last years. He won vs a candidate who used to be a financial minister overseeing several hundreds percent inflation.

The_Colonel 3y ago

How does Europe being left leaning matter? The exchange rate is basically as stable as USD... Or do you mean it's just because of the strong Milei's ideology?

xxs 3y ago
Nothing to do with the EUR/USD rate, of course. I very much doubt the 'new' president would even hear anything left leaning, he is considered rather radical.

kpw94 3y ago

> Euro is far Technically, from a geography point of view, euro-using countries as official currency are closer than USD: https://eur-lex.europa.eu/EN/legal-content/glossary/outermost-regions.html https://eur-lex.europa.eu/EN/legal-content/glossary/outermos... (I.e. French guiana's currency is the Euro)

xxs 3y ago
If we are to go in such technicalities, Ecuador is closer. The distance - far/close matters when it comes to the trading partners more than anything. The US and Brazil being the biggest ones[0], and the trade is in USD. [0] https://www.indec.gob.ar/uploads/informesdeprensa/i_argent_02_23EC82BFFB1E.pdf https://www.indec.gob.ar/uploads/informesdeprensa/i_argent_0...

deleted 3y ago

[deleted]

the_third_wave 3y ago

> even democrats in the US would be considered right form the center in Europe That used to be the case but it is true no longer, current 'Democrats' (between quotes because the DNC seems to be as democratic as the DRC from what I've seen) are comparable to centre-left parties in north-western Europe. The more activist wing of the 'Democrats' is comparable to socialist and communist parties in e.g. Sweden and the Netherlands.