Greenspan: Euro Gains As Reserve Choice

[xmas13]

Former U.S. Federal Reserve chairman Alan Greenspan said it is possible that the euro could replace the U.S. dollar as the reserve currency of choice.

Greenspan said that at the end of 2006, some 25 percent of all currency reserves held by central banks were held in euros, compared to 66 percent for the U.S. dollar.

In terms of being used as a payment for cross-border transactions, the euro is trailing the dollar only slightly with 39 percent to 43 percent.

http://biz.yahoo.com/ap/070917/germa...euro.html?.v=1

[GrouchyAdmin]

Originally Posted by xmas13

http://biz.yahoo.com/ap/070917/germa...euro.html?.v=1

The only good thing I can see about the dollar declining is that all of those whinging on the US and bitching nonstop on these forums will have to go get a job when the Yankee dollar drops out.

That is, if anybody needs a webmaster, there.