The Cellar - View Single Post - The un-American Activities Thread

russotto · 03-06-2003, 03:53 PM

Iraq switched to taking euros rather than dollars as a (successful) attempt to curry favor with the Europeans and as a way of thumbing its nose at America. I doubt it represents any sort of trend.

Even if all of Middle Eastern OPEC switched to the Euro, there's no way South American OPEC would; dollars are a LOT more important to Mexico and Venezuala than euros.

03-06-2003, 03:53 PM	#13
russotto Professor Join Date: Jan 2001 Posts: 1,788	Iraq switched to taking euros rather than dollars as a (successful) attempt to curry favor with the Europeans and as a way of thumbing its nose at America. I doubt it represents any sort of trend. Even if all of Middle Eastern OPEC switched to the Euro, there's no way South American OPEC would; dollars are a LOT more important to Mexico and Venezuala than euros.