donald trump s decision in me 2018 to pull out of the iran nuclear deal. the european union was strenuously opposed to this move, but it watched as the dollar s dominance meant that iran was immediately excluded from the world economy. jean claude juncker, then president of the european commission, proposed enhancing the euro s role internationally to shield the continent from what he called selfish unilateralism. the commission outlined the path to achieve this. it hasn t happened. there remains too many fundamental doubts about the future of the euro itself. dollar dominance is firmly entrenched for many good reasons . a globalized economy needs a single currency for ease and efficiency. the dollar is stable , you can buy and sell it anytime, and it s governed largely by the market and not the whims of a government. that s why china s efforts to expand the yuan s role internationally have not worked.
claude juncker, then president of the european commission, proposed enhancing the euro s role internationally to shield the continent from what he called selfish unilateralism. the commission outlined a path to achieve this. it hasn t happened. there remains too many fundamental doubts about the future of the euro itself. dollar dominance is firmly entrenched. for many good reasons. a globalized economy needs a single currency for ease and efficiency. the dollar is stable, you can buy and sell it anytime, and it s governed largely by the market and not the whims of a government. that s why china s efforts to expand the yuan s role internationally have not worked. ironically if she jinping wanted to cause the greatest pain to america, he would liberalize its financial sector and make the yuan a true competitor to the dollar, but that would take him in the direction of markets and openness that is the opposite of his current domestic goals. all that, said washington s
Iran’s Foreign Ministry spokesman Nasser Kan’ani says the 2023 Munich Security Conference took place under the slogan of security but actually promoted war.