Foreign Affairs Discussion Group Message Board

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Politics : Foreign Affairs Discussion Group

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To: neolib who wrote (168978)	8/14/2005 7:28:46 PM
From: bentway	Read Replies (1) of 281500

I think you didn't read it carefully enough. He's not just talking about Iran selling their oil for euros. He's talking about Iran establishing a new international market where ALL countries can sell their oil for euros, and the effects of such a market. It's true that the effect might initially be small, but it might be a slippery slope, leading to the euro being a true competing "world reserve currency" with the dollar. This would open the US up to all sorts of economic dangers. As the Bush admin diplomacy consists of military threats and force, we'd be I'll prepared to deal with it.

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