Instex: Europe’s power grab to usurp USD as world default currency(en.wikipedia.org)

2 pointsby ianaivor 7 Jahren0 comments

en.wikipedia.org

Instex: Europe’s power grab to usurp USD as world default currency

https://en.wikipedia.org/wiki/Instrument_in_Support_of_Trade_Exchanges

4 comments

a0-prwvor 7 Jahren

I would like the title to be true. Europe truly needs to break away from the US, but I fear it's just a face saving fig leaf.

ianaivor 7 Jahren

In Econ grad school this was taken as the singularly biggest, unthinkable loss for the power of the US. Being the worlds default currency means oil is enumerated in USD.

jmalkinvor 7 Jahren

That's a lot of editorializing in the title there.

ianaivor 7 Jahren

I wasn’t sure how to bring this topic up here. The source I’ve got for the story is a cnn video.

https://www.cnn.com/videos/politics/2019/06/16/fareed-take-e...

I truly care more about HN discussing this topic than the title/links. I’m open to suggestions/edits.