david asked in Social ScienceEconomics · 1 year ago

Brussels i ask this why is the euro dollar one currency .There is no fluctuation in euro zones currency.This is what england knows as well?

1 Answer

  • Oiy
    Lv 6
    1 year ago

    The Euro was created to balance the USD in the world market. The gold reserves of Germany, France, and Italy are more than the US. And the foundation of the European economy after the Bundesbank model would create more stable among members and the world. It has stimulated more trade creation within the Eurozone and reduced transaction cost with more transparent. But the US economist with Nobel prize criticized that it would not reach the optimum currency area. And the Euro would collapse any time soon.

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