economic strategy

US strategy is ‘totally wrong’, euro will replace dollar as reserve currency

January 14, 2010 - 8:05am | Analytics | News
US strategy is ‘totally wrong’, euro will replace dollar as reserve currency

According to David Roche, global strategist at Independent Strategy it is the euro that will replace the US dollar as the next reserve currency as long as Europe has a better growth strategy than the US.

He says that the fact the German economy has recorded its fastest post-war contraction, at 5 percent in 2009, with exports falling by 14.7 percent, alongside investment, though paradoxically will bring opportunities for private investors.


-1 points
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