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Some 21 years on from its launch in 1999, the euro should have found its feet by now as a credible reserve currency to challenge the dominance of the US dollar.
Its failure to do so has as much to do with its intrinsic weaknesses, as yet unaddressed, than anything US authorities have done in looking to preserve the US dollar’s unique dominance. If anything, the Trump administration has weaponised the dollar to such an extent that if a credible alternative had been available, the dollar’s days could have been numbered. Unfortunately for international investors, the dollar continues to remain unchallenged as the one universal safe haven of choice, due to the depth of its liquidity pool.
De EU zit moreel hoog te paard maar wordt economisch uit het zadel gelicht - België
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Another year without an EU deposit guarantee scheme
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