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Joined 2 years ago
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Cake day: August 19th, 2023

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  • Euro is weird. The central bank is independent on paper but you have political figures trying their best to get in there. The current president is that bitch from the IMF. With so many countries throwing their chips to influence the central bank, things tend to level out but the Euro Zone is known to be slow to react to fluctuations and even worst on how to plan ahead. Just look at how they managed the 2008 market crash aftermath and the Covid debacle; most experts defend they should have had the opposite reactions they did, as in, they should had had lowered the interest rates and facilitate liquidity then and control money flow during Covid.

    The Euro was once floated as an alternative to dollar for oil trading but it caused a shit storm.