• plyth@feddit.org
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    20 days ago

    France used to be considered a global power, after WW2 France was diminished to just a significant European power.

    But that was not due to WW2. Like Britain, they kept their colonies. The US helped to end the colonial rule of both of them afterwards.

    I am not aware they should have been bought for the purpose of pressuring USA.

    They inevitably come from a trade surplus. Why would Europe keep the bonds and not buy farmland and companies? Apple and Google could be European companies, or Chinese, who have the same trade surplus problem.

    I have zero worries that the EU central bank is managed responsibly, it’s being monitored by all Euro countries which is about 20 countries

    Another topic, but that structure will kill the Euro because the countries that need a weak currency have the majority.