alt Hacker NewsEU can easily pull the plug on Euro as a reserve currency if they confiscate the money of a certain country and give it to another one. That would be the "front fell off" moment for Euro.
EU can easily pull the plug on Euro as a reserve currency if they confiscate the money of a certain country and give it to another one. That would be the "front fell off" moment for Euro.
Except they didn't and instead borrowed money for the other country. But more importantly, there seems to be a process in place, where a collective of rational actors makes choices, rather than someone who states he can go to war because he didn't get the Nobel Peace Prize.
(Still disappointed that the winner of the FIFA peace prize wants to go to war /s.)