Thought stub: euro as a Reservable Currency

One reason central bankers, oil sheiks and chinese politburo officials should like the euro is that there is no single political will behind it to obscure or threaten its value. Whereas the US is s single country, if things go bad, they go bad. The euro block, as a collection of separate countries are at cross purposes politically and also provide a sort of diversification, so problems in one area are likely to be tempered by gains elsewhere. In the same way the US flourishes when th executive and legislative powers are held by opposing parties, so it is with the european monetary entity. Built in diversification.

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