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They are a strong component of the European Union which is designed to act as a large trading block and compete with the US. The Euro is a competitor to the US
by wintersFright 13y ago
They are a strong component of the European Union which is designed to act as a large trading block and compete with the US. The Euro is a competitor to the US Dollar. As the Euro displaces the USD throug out Europe, the US loses more of its "exorbitant Privilege" in being able to print money and export the inflation to the rest of the world.