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| Hong Kong, sunny day in between protests.... |
Telling it like it is….in The Atlantic, no less, a usually Trump-averse outfit
Short story: because Europe doesn't have a currency to rival the US$, that makes them weak. Also: France and Germany can't even agree if they should have one. And the UK's out at some stage anyway.
So it remains, for now and time to come: Pax Americana
Snip:
The brute reality, as things stand, is that Europe does not yet have the tools—or the will—to project its power. The euro cannot be a credible alternative to the dollar as a reserve currency until it is radically reformed, and without a credible reserve currency, Europe's financial might cannot match that of the United States. Even more fundamentally, there remain deep divisions within Europe over whether it should even seek to be a power, with or without Britain. Read on...
