U.S. Goods Trade Deficit Declines to Smallest in Three Years

Re:U.S. Goods Trade Deficit Declines to Smallest in Three Years by Tomte on Wednesday January 01, 2020 @05:47AM (#21927548)

> The euro? No thanks say the Germans,

Periodic reminder that contrary to forum wisdom, Germany cannot just do whatever it wants in Europe (and France will certainly see to that).

When it comes to monetary policy: the Governing Council of the ECB has 25 members, two of which are German.

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Re:U.S. Goods Trade Deficit Declines to Smallest in Three Years by mooreds on Wednesday January 01, 2020 @08:58AM (#21928024)

Fair point. My understanding is that all members have veto power over EU decisions and that Germany, France, Italy, Poland and Spain are first among equals due to size. But that is focused on an understanding of the EU, not a detailed understanding of the ECB.

But I imagine aiming to be a reserve currency would be a political as well as a monetary decision.

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