Euro to replace dollar?

Following on from the Today giggling episode, I noticed they had a piece on the Euro and the Dollar. The programme asked "Could the euro replace the dollar as the world's largest reserve currency within ten to fifteen years?"

I've long since believed that part of the Iraq War strategy was to stop Saddam Hussein buying and selling oil in euros. Seems that might be overtaken by other events. Interesting piece.

Story is here.

Posted in: Dollar,Euro,reserve currency