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Euro could become world's leading currency: Noyer
Reuters ^ | December 31, 2011 | Reporting By Vicky Buffery

Posted on 12/31/2011 3:38:29 PM PST by decimon

PARIS (Reuters) - The euro could become the world's leading currency in the next decade if leaders of the single-currency bloc succeed in tightening fiscal integration, European Central Bank policymaker Christian Noyer said in an article to be published in the Journal du Dimanche.

European leaders struck a historic deal at an emergency summit in Brussels on December 9 to draft a new treaty for deeper economic union, in an attempt to stem the debt crisis that is threatening to cause the collapse of the single currency.

The news temporarily calmed markets. But concerns quickly resurfaced as the final details of the agreement have yet to be determined and a new treaty could take up to three months to negotiate.

Ratings agency Fitch has said it doubts a comprehensive solution to the crisis can be found and urged more decisive action from the ECB.

"If we implement all the decisions taken at the Brussels summit we will emerge stronger," Noyer said in the article, due to be published to coincide with the 10-year anniversary of the euro on January 1.

"In 10 years, maybe the euro will be the world's number one currency."

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: dollarcollapse; economy; usbondcollapse; usdefault
Bitte pill.
1 posted on 12/31/2011 3:38:39 PM PST by decimon
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To: decimon
The euro could become the world's leading currency in the next decade

OMG! That's funny.

2 posted on 12/31/2011 3:40:02 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: decimon

Lots of big “ifs” that will never come true...


3 posted on 12/31/2011 3:40:54 PM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: decimon

Not going to happen.

The EU is an irrational proposition, it always has been.


4 posted on 12/31/2011 3:41:22 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: decimon

World’s leading contrarian.


5 posted on 12/31/2011 3:41:45 PM PST by steve86 (Acerbic by nature, not nurture (Could be worst in 40 years))
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To: decimon

Right...


6 posted on 12/31/2011 3:42:14 PM PST by wolfman23601
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To: decimon

When swine fly.


7 posted on 12/31/2011 3:44:08 PM PST by Rodm
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To: 2banana

They created the EU largely to compete with the US. They failed and are taking another run at it.

One of the things not mentioned is the US’s ability to drag them down... let alone Obama’s ability to keep the US down and in doing that , the EU as well.


8 posted on 12/31/2011 3:47:30 PM PST by himno hero (Obamas theme...Death to America...The crusaders will pay!)
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To: decimon

FAt f***ing chance....lol!


9 posted on 12/31/2011 3:50:43 PM PST by MadelineZapeezda (Tagline for rent: Inquire within!)
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To: decimon
LOL! :-)

10 posted on 12/31/2011 3:54:55 PM PST by Bobalu (We cannot afford to bring Mittens to a Newt-fight.)
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To: decimon

The guy is a buffoon but unfortunately not a harmless one. Sadly some will believe him and be convinced that the elites will devise some strategy or there will be some savior to rescue the Euro. There won’t be.

The problems of excessive debt and central bankers debasing their currency affects Europe today, Japan tommorrow and the US the day after. These days are probably measured in years but this is the order that these economies will detonate in.


11 posted on 12/31/2011 3:56:39 PM PST by Dogfaced Soldier
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To: himno hero

A worse threat than America is the rising of the GCC and the Pacific Rim

Together they will strangle Europe


12 posted on 12/31/2011 4:08:26 PM PST by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: Dogfaced Soldier

All the financial gimmickry imaginable will never recover the lost capital that two generations of profligate deficit spending squandered.Mr. Noyer’s rhetoric will “fix” nothing. Those monumental debts are not sustainable.Unfortunately the deficit spending continues and the debts increase both in Europe and the US. Western economies are weakening. The strength of the economy correlates with the value of the currency. Long term it does not look good for the euro and eventually the dollar.


13 posted on 12/31/2011 4:20:44 PM PST by allendale
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To: Dogfaced Soldier

The solution lies in getting the US economy rolling again and that is just NOT on the presidents agenda.

If the American economy was rolling, so would the global economy and many problems would be solved. Its funny how debt is easily covered if there is income.

Unfortunately, the Anti America president is striving to take America down and in doing so, he is taking many others.


14 posted on 12/31/2011 4:21:48 PM PST by himno hero (Obamas theme...Death to America...The crusaders will pay!)
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To: decimon

Well, they say “bad money drives out good.”


15 posted on 12/31/2011 4:24:12 PM PST by the invisib1e hand (Ignorance is no excuse.)
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To: decimon
Anybody anywhere gets the corruption out of their legislature and actually stops stealing all the money, their currency will become the world leading currency.

But that may be impossible at this stage of the game.

16 posted on 12/31/2011 4:26:52 PM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: decimon

And Mount Everest could become a tropical island if Noah’s flood returns.


17 posted on 12/31/2011 4:37:58 PM PST by vbmoneyspender
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To: decimon

The Euro could not have been considered officially dead until an announcement like this. It will not last far into 2012.


18 posted on 12/31/2011 4:42:29 PM PST by PapaBear3625 (During times of universal deceit, telling the truth becomes a revolutionary act.)
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To: decimon
Euro could become world's leading currency...

This is a VERY likely scenario. All that needs to happen is that Soros-type, or types, manage to trash a few other currencies BESIDES the US Dollar, and before you know it... with NOTHING different about the Euro, even some more Euro decline... VOILA! Now the Euro is the top world's Currency!

19 posted on 12/31/2011 4:46:14 PM PST by C210N (Dems: "We must tax you so that we can buy your votes")
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To: decimon
please...
20 posted on 12/31/2011 5:06:26 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: decimon

ROFLMAO!


21 posted on 12/31/2011 5:11:45 PM PST by SouthTexas (You cannot bargain with the devil, shut the government down.)
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To: decimon

Europe is filled with white devils and honkies. Buckwheat will fight this and order the Ubanga-Banga Bumper cars from Busch Gardens to attack.


22 posted on 12/31/2011 5:14:47 PM PST by sergeantdave
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To: decimon

As the Spartans said...

“If...”


23 posted on 12/31/2011 5:34:49 PM PST by donmeaker (e is trancendental)
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To: Dogfaced Soldier

There is the “invest where blood is in the streets” strategy.

Life can’t continue when things get too bad, so that is when things get better.


24 posted on 12/31/2011 5:41:07 PM PST by donmeaker (e is trancendental)
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To: donmeaker

There is a lot of truth in that. A lot of people are going to lose a lot of money. Our job is not to be one of them.


25 posted on 12/31/2011 5:56:59 PM PST by Dogfaced Soldier
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To: decimon
The euro could become the world's leading currency in the next decade....

Or maybe not.

26 posted on 12/31/2011 6:20:25 PM PST by Mike Darancette (Either Obama can beat any GOP candidate or no GOP candidate.)
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To: decimon

On the other hand they do have Obama helping them by doing everything possible to destroy the dollar.


27 posted on 12/31/2011 6:32:08 PM PST by Iron Munro ("Don't pick a fight with an old man. If he is too old to fight he'll just kill you." John Steinbeck)
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To: decimon

Maybe he wants to see if he can drive up the price of the Euro so he can sell his asap.


28 posted on 12/31/2011 6:34:57 PM PST by GreatRoad (O < 0)
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To: Dogfaced Soldier

One of the worlds billionaires invested 3,000$ in Chile just before Allende killed himself. Made an amazing return.

Just sayin’ if I had an opportunity to invest in Europe about the time that the Bubonic Plague hit...


29 posted on 12/31/2011 6:40:24 PM PST by donmeaker (e is trancendental)
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To: decimon

“And all we need for it to happen are a few unicorns, some magical fairy dust, a few ounces of black lotus, the Great Emerald Eye from the pagan idol of Kgrang-Io in the Mongolian Everglades, and a 16 ton pyramid of pure platinum, buffed to a high shine.”


30 posted on 12/31/2011 6:47:10 PM PST by yefragetuwrabrumuy
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