this post was submitted on 13 Jun 2024
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Europe

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[–] [email protected] 9 points 3 months ago (2 children)

Well if it isn't the consequences of my own actions...

The euro’s share of global foreign exchange holdings fell last year amid concerns that plans to use frozen Russian assets to finance Ukraine could further erode the appeal of Europe’s single currency.

Other countries cut euro assets in their central bank reserves by about €100bn last year, a drop of nearly 5 per cent, the European Central Bank said in a report published on Wednesday.

That reduced the single currency’s share of global foreign exchange reserves to a three-year low of 20 per cent.

[–] [email protected] 10 points 3 months ago (1 children)

I absolutely think that US is pushing Europe into this very intentionally to kill Euro as a competitor to the dollar.

[–] [email protected] 9 points 3 months ago

C'mon bro. Commit economic seppuku for me bro. Bro, just this once, bro.

[–] [email protected] 4 points 3 months ago

See that's why you don't fuck with other people's money.