zeRealSchlausKwab on Nostr: We all know what the answer will be. In ten years Europe will be a smoldering pile of ...

We all know what the answer will be. In ten years Europe will be a smoldering pile of rubble but the pile of rubble will have a well staffed and well paid commission and will use the #euro.

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Eurosystem in deep trouble

Anyone following the movements on the currency markets these days will notice that the US dollar is gaining massively and strength. The biggest problem child remains the eurozone, which is massively losing international significance in terms of Swift volume. The ECB will have to decide whether to defend interest rate spreads and sovereign debt or whether to continue to support its favorite child, the euro. #euro #eurozone #usd