that kid has no idea about Trifin's dilema and the role of USD as the currency of payment for the global trade.
France tried to get Chinese to buy their national debt in Euro, thus gradually expands Euro's position as the global trading currency. But Sarkozy f... it up very badly.
Anyway, the French are French. You can NOT expect too much from them excerpt for sexual unfaithfulness, flirting and laziness.
Euroland will face its implosion moment this year. The contraction of GDP is much worse in the Euroland than in the US now and still those pigheads (national leaders) could not reach any coordination in fiscal policies.
Three nations to fall: Spain, Ireland, and Greece.
