Quote:
Originally Posted by Blue Player
Well the head of the EU said in a speach a few days back that the move to Euros is going to happen and Putin is 100% backing is as they as losing big money due to the dollar being worthless.
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Mmmm.. chances are it will happen - only a matter of time
The flipside is most of Russia's oil goes to the EU - so that may make some sense to both Russia and the EU when they don't have to deal in fluctuating dollars.
Just been reading re OPEC and Euros - something is likely to happen. Some OPEC members have even built premises to house new oil trading exchanges and talk is of Euros - tho remains to be seen what OPEC as a org has to say.
This could be very damaging to the US dollar. When the idea was first floated, it was estimated that an immediate change would place the US in the economic league of Argentina (which was in a foul economic position at that time).
Mmmm.. can see there may be different levels of interest when US "reps" are flying around OPEC member countries trying to provide arms to "good friends" and not getting a warm response.