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#euro

11 posts10 participants0 posts today
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Miguel Afonso Caetano

"Over time, both the exorbitant privilege and the convenience yield have shown signs of erosion, mirroring the relative decline of the US in the global economy. In the current landscape, the euro is the only credible alternative to the dollar. A growing international role for the euro could allow the Eurozone to capture a portion of the exorbitant privilege and convenience yield, thereby lowering the cost of capital for European firms and governments.

However, greater internationalisation of the euro requires a more resilient euro-area financial system. In the future, the Federal Reserve’s “dollar swap lines” that enable central banks to borrow dollars in exchange for their own currencies may not be guaranteed in times of stress. Thus the euro area must be better prepared.

In the short run, this may mean precautionary accumulation of dollar reserves, enhanced co-ordination among central banks, and a concerted effort to reduce the banking system’s exposure to dollar liquidity risk. The functioning of foreign exchange derivative markets should also be scrutinised to increase resilience during systemic shocks. Importantly, payment systems in the euro area should be fully independent of the dollar."

ft.com/content/5bc02699-3eda-4

Financial Times · How Europe should respond to the erosion of the dollar’s statusBy Hélène Rey
#USA#Trump#Tariffs
Replied in thread
Public
Aho

@MAKS23 lock to #Euro would be a good thing if considering to switch to Euro as soon as become a member, I would also recommend to have dual prices, so that people will get used to the Euro prices and makes it more difficult to increase prices when it's time to switch currency.

#EU is waiting for you #Ukraine
🇪🇺 ❤️ 🇺🇦

Public
Nonilex

That’d be the smart move

Exclusive: #Ukraine considers shift from the #US #dollar to #euro amid #geopolitical realignments

Ukraine is starting to consider a shift away from the US dollar, possibly linking its currency more closely to the euro amid the splintering of global #trade & its growing ties to #Europe, per #CentralBank Gov Andriy Pyshnyi.

#geopolitics #economy
reuters.com/world/europe/ukrai

Public
MediaFaro News Digest

European companies sound alarm over the strong euro.

European companies are sounding the alarm over the strong euro, as the currency’s surge against the dollar this year opens up a new threat to exporters.

Software group SAP, carmaker Porsche, brewer Heineken and industrial giant Schneider Electric are among the companies to warn investors of a potential hit after the euro climbed more than 9% to a three-year high.

mediafaro.org/article/20250507

A blue Porsche | © Wang Zhao/AFP via Getty Images
The Financial Times · European companies sound alarm over the strong euro.By Ian Smith, Florian Müller
#Euro#Eurozone#Business
Public *
vruz

Trump has created a chance for the euro to rival the dollar
European leaders need to shed their political timidity to take the necessary steps

archive.ph/1uWSo

"It has long been an EU aspiration that the euro would rival the US dollar for global dominance, or at least for monetary sovereignty at home. Now, the self-sabotage of Donald Trump’s Washington is a golden opportunity..."

Trump has created a chance for the euro to rival the dollar European leaders need to shed their political timidity to take the necessary steps It has long been an EU aspiration that the euro would rival the US dollar for global dominance, or at least for monetary sovereignty at home. Now, the self-sabotage of Donald Trump’s Washington is a golden opportunity to realise the dream — if European leaders can overcome their political timidity over doing what it takes to grasp it. True, as in many areas of economic policy, it is unclear what the Trump administration’s goals are for the greenback. Some of its members think the dollar’s attraction — the “exorbitant privilege” of guaranteed cheap credit from the rest of the world — is in fact an exorbitant burden that, by driving up the currency, depresses American manufacturing. Others, notably Treasury secretary Scott Bessent, insist the US is committed to a strong dollar policy.
#eu#usa#uspol
Public
Christoph Merk

Today‘s #headline in #Europe:
#Bloomberg: „the #euro-area economy grew more than exprected at the start of the year“
vs
#wsj: „The #US #economy #shrank last quater. #Imports surged as #businesses rushe to stock ahead of #tariffs, while #consumers held spending in check“ …
#ntv: (translated) #USeconomy shrank beginning #2025 surprisingly around 0.5%

Long story short: If #Trump continues like he started it‘ only a question of time until the #USA is #insolvent just like #Argentina in the past

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