-
Cara posted an update 8 years, 7 months ago
On de-dollarisation. I don’t agree with the article’s view on the Euro being a part of / the first step of the process; I think this is wishful historical thinking on the author’s part.
https://mises.org/blog/world-creeping-toward-de-dollarization
The Giza Forum (Legacy)
Closed Archive of The Old Forum
Since the Euro has always been a not-so-disguised Mark, Germany will preserve it in ways that will be to its advantage, perhaps keeping the “petro-euro”, an asset, and dumping the liabilities like social welfare and the Untermensch countries of Southern Europe. So the latter will have to defend themselves by recurring to one or more alternative means of payment and wealth storage.