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Thread: Euro will overtake dollar as world currency in five years?
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[quote=GUESTYASIR GHAFOOR,408041]In the last few months, a few papers and articles have tried to prove that the euro will overtake the dollar rather soon. They look at the historical evidence of how the dollar slowly overtook the pound, between 1897 and 1945, find that the same may happen again between the euro and the dollar now, concluding that the first may overtake the second within the next two decades. According to them, the decline of the pound was part of a larger pattern whereby the UK lost its economic pre-eminence: colonies, military power and other trappings of international economy. And now they see the same happening to the US, which might now have embarked as well on a path of imperial over-reach, following the one experienced by the UK. On the one side, [/quote]
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