Daily Times: VIEW: Iran’s real crime?
If Iran starts its own euro-denominated oil bourse and it takes off, the US dollar — already an ailing currency due to huge deficits in the US economy — will be marginalised as the global currency. Iran is taking a calculated risk
Iran proposes to set up by March 2006 an “oil/energy bourse” for trading based on the euro, rather than the US dollar. While it may seem innocuous, this represents a grave threat to the continued global hegemony of the United States and as such its ailing economy.
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