Original news is on improbable.com, written by the ceremony's founder Marc Abrahams.

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[โ€“] 10 points 6 months ago (8 children)

Does it though? The Euro is the second strongest currency in the world and Europe has a strong banking system. There is very much a chance it takes over the role of the USD. Also Europe is much richer on a per capita bases then Russia or China and much more open to migration. It is for example impossible for most everybody to become a Chinese citizen. So there is a strong chance that Europe starts brain draining the rest of the world even more. This is actually an example of that in a way. This might well end up especially bad for Russia, if they loose the war against Ukraine. That most certainly will end up crashing the economy and lead to mass emigration. That somewhat already started.

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  • [โ€“] 3 points 6 months ago* (4 children)

    The EU does not have a strong enough central government to take this role. Not as long as any country the union can veto any action they want. They can't even give aid to Ukraine despite like 90% of the EU agreeing to do so.

    It's taken them thirty years of work to even get the ability to do electronic credit transactions and they MIGHT get it done in the next couple years.

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  • [โ€“] 1 point 6 months ago* (1 child)

    is for example impossible for most everybody to become a Chinese citizen.

    Whereas fortress Europe welcomes basically anybody?

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