Wednesday, November 23, 2011

Euro On Death Watch -- Was It Just Three Years Ago The World Wanted to Switch From Dollar To Euro?

Update

November 26, 2011: a columnist suggests the demise of the euro is more than a possibility.


Original Post

Link here.
(Reuters) - OPEC may abandon the dollar for pricing oil and adopt the euro but any such switch will "take time," OPEC Secretary-General Abdullah al-Badri (Libyan) was quoted as saying by a weekly magazine.

A decline in the dollar has eroded oil exporters' purchasing power, prompting some members of the Organization of the Petroleum Exporting Countries to call for a switch away from the U.S. currency.
Yup.

The euro is on death watch.

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