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What would happen if Russia Iran and Venezuela would decide to switch all their dollars inmediately to euros? How much this represent in front of Kuwait Canada and Saudi Arabia?

The problem is not the bourse, the problem is the exchange rate and buying up the US debt. Pill on the possibility of these three countries accepting "de facto" euros and we have  a situation that I would love to analyze to know if a sudden drop of the dollar in front of the euro is more possible.

I do not have the number so I do not know. But in any case, the problem is not euros  or dollars in a bourse.. the problem is what you do with the dollars you receive.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Fri Feb 24th, 2006 at 12:04:46 PM EST
switching reserves to euros is a lot easier to do, and would have a much bigger impact, indeed.

But it's a separate question.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Feb 24th, 2006 at 12:20:07 PM EST
[ Parent ]
This little scenario gets debated every now and then here in Asia.
by observer393 on Sun Mar 12th, 2006 at 05:20:34 AM EST
[ Parent ]

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