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US thwarts French and British push for Lebanon ceasefire call at UN
(www.theguardian.com)
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this post was submitted on 26 Sep 2024
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The Euro is kind of fucked. Without currency sovereignty, every country in the EU is forced to cut budgets to keep their revenues and expenses balanced. Aside from exceptional circumstances like the 08' financial crisis, countries aren't able to just inject liquidity to deal with cooling markets. That means there's functionally no difference between European countries using euros or dollars, either way member states don't have control and are subject to the whims of a foreign bank.