Good for the Euro?

[Plane]

http://news.yahoo.com/s/afp/20080209/bs_afp/opeccommoditiesoilcurrency

[Michael Tee]

I saw that , but it's not a serious initiative, it's just idle babble for the moment.  When the guy gives a ten-year window for this to happen in and doesn't even commit to a switch within that time, you know he's just making waves.

I think there's more chance of it happening spontaneously, producer by producer, as the ones least attached to the U.S. start to consider the costs and benefits of sticking to the dollar.  Iran's already doing it, according to the article.  Someone else follows, then someone else and then there's a stampede.

[Plane]

Europe is the worlds third largest economy , I hope that the Euro can stand this strain , I don't really  think that becomeing the standard currency for Counterfeiters is all that beneficial.

[Michael Tee]

<<I don't really  think that becomeing the standard currency for Counterfeiters is all that beneficial.>>

But you must know that imitation is the sincerest form of flattery, plane.  You really want to watch those sour grapes.

[Xavier_Onassis]

Europe is the worlds third largest economy , I hope that the Euro can stand this strain , I don't really  think that becomeing the standard currency for Counterfeiters is all that beneficial.

=====================================
Europe is the SECOND largest economy. It is larger than Japan, China, and Russia and second only to the US.

[Plane]

Europe is the worlds third largest economy , I hope that the Euro can stand this strain , I don't really  think that becomeing the standard currency for Counterfeiters is all that beneficial.

=====================================
Europe is the SECOND largest economy. It is larger than Japan, China, and Russia and second only to the US.

I must be behind the times , it used to be third behind Japan.

How long will it be second before it becomes third behind China and Russia?


Which is beside the point anyway.

Is adoption by OPEC as the standard value good for the currency , or a strain on it?

[Amianthus]

I must be behind the times , it used to be third behind Japan.

How long will it be second before it becomes third behind China and Russia?

Actually, as of January, 2008, the EU is the largest economy in the world.

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition

[Michael Tee]

from Ami's link - -

<<If the economy continues moving at the same rate, China should overtake Germany as 3rd ranking in 2009, Japan as second in 2012 and should replace the United States of America as the world's biggest economy, richest nation and most powerful nation on earth in 2030, meaning that the United States will have been the world's richest nation for 90 years. Great Britain was the world's richest nation and had the largest economy from March 1736 till November 1940.>>

Wow, 204 years as world's no. 1 for the tiny island nation, 90 for the U.S.A.

That says it all.

[Amianthus]

Wow, 204 years as world's no. 1 for the tiny island nation, 90 for the U.S.A.

That says it all.

The US didn't have colonies around the world increasing it's standing for that period of time, as GB did.