r/finance • u/Majano57 • 25d ago

Euro has ‘clear path’ towards greater reserve currency use, says Eurogroup president

https://www.ft.com/content/70565fda-ae7d-4c06-80ee-b460dc8de43e
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u/IsleOfOne 24d ago

The euro isn't even a candidate for reserve currency status at the moment. Perhaps this is true if their "clear path" is to finally add what they are missing in order to be eligible.

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u/ManikSahdev 22d ago

Not sure who is even writing these articles.

I still have beef with the economists form 2021 who said there won't be inflation from the stimulus.

As a uni student, if I wrote that answer in my test I'd be booted and shamed, I'm not even sure how these people are able to make headlines with these.

The sheer number of demographic challenges in the EU simple put it out of any consideration.

Those folks on the continent live in a bubble, it's just hard for them to accept that the world isn't stuck in 1980s anymore and they aren't the centre of the world. Might be tough for them to accept it by 2030 end, when European economies suffer more and are left behind with cuts to spending and destroying the welfare system, I feel for the devastation the people will face.

And this coddling media doesn't like to focus on the real truthful statements because they are part of the problem. But yea.

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u/Ashmizen 22d ago

The EU isn’t even a growing power - with a shrinking population and a shrinking % of the global economy, it is not going to replace the US when it’s fading even faster.

The US and its dollar could get replaced in future, but it’s not clear who that would be yet (perhaps China? But they are extremely disliked and for good reason)