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> I’m somewhat confident in the Euro out of curiosity, why do you believe that?
by throwawaymaths 1y ago
> I’m somewhat confident in the Euro
out of curiosity, why do you believe that?
- toomuchtodo 1y agoStable governance and a business friendly enough environment (SAP is the most valuable company in Europe currently, for example; business can be done there). Even with populism and right wing extremes popping up there, I’m more confident in Europe staying on the rails vs the US (as it relates to currency stability).
- declan_roberts 1y agoHuge portions of the European economy are backed by a strong USA, and that doesn't include NATO/defense subsidies. Unless they're paying Russia for energy, they're buying oil and LNG in dollars.
- TacticalCoder 1y agoI don't understand why anyone would believe that. The euro does exist since only a quarter of a century and is already in very serious dire straits. It's the worse ever conceived currency (conceived by clueless bureaucrats): it makes no sense at all to have a common currency for countries with different fiscal policies. Nearly all the countries that have the euro are more indebted than the US (GDP wise). One country with the euro already partially defaulted on its public debt (Greece).
- throwawaymaths 1y agoi would say this: if thanos snapped his fingers and made dollars disappear, the euro would be the best choice among a bunch of shitty choices for world reserve currency, but still trailing behind "no reserve currency at all".