Military Review

Will the euro beat the dollar? On the prospects and beneficiaries of dedollarization

74

Events in the United States made many financial analysts doubt the strength of the dollar as the world currency No. 1. Contrary to popular belief, which appeared in the spring of 2020, the euro is now significantly strengthening against the US dollar.


Three reasons for the worsening position of the dollar


Several factors negatively affect the position of the dollar. First of all, political destabilization in the United States on the eve of the presidential election (coming this fall). The mass unrest of the African American population showed the whole world that even Uncle Sam is not so calm as Washington imagined.

The split is deepening within the American political and economic elite, which is associated with the rivalry of the Democrats and Republicans. For example, Donald Trump’s prospects for the upcoming presidential election are not very clear, which means that it is too early to make any forecasts on US economic policy in the coming years.

The second reason is the economic problems caused by the pandemic. The United States suffered from the spread of coronavirus no less, if not more, than European states. The pandemic hit the American economy seriously, including the position of American companies. Unlike European countries, the pandemic in the United States continues to rage: in only one state of Arizona at the beginning of July 2020, a seven-day average of the entire European Union was recorded with a 60-fold difference in population in favor of the EU. It is clear that such a difficult situation with coronavirus further drives the American leadership into a dead end and affects the US economic stability.

Finally, a compromise in the European Union is worth noting separately. If in the spring of 2020 the future of the EU was rather unpredictable, now the situation is improving. Germany’s presidency in the European Union contributes to greater stabilization of a united Europe both politically and economically, and if the EU manages to cope with internal problems and overcome the discontent of European countries with each other’s policies, then this development will look much more attractive than the path of internal political confrontation which the United States is confidently following in recent months.


Who will benefit from lower demand for the dollar


Thanks to this, the euro significantly wins back its positions in front of the American dollar and regains interest from world investors. The euro may well become one of the most promising world currencies by the end of 2020, which once again raises the question of the prospects for a gradual de-dollarization of the global economy.

Of course, the process of dedollarization will not be rapid, since the dollar has few real competitors, except for the euro, which has its own problems, which are primarily the presence of serious internal contradictions in the European Union. But, except for the euro, neither the Japanese yen, nor the Chinese yuan, nor the Swiss franc are pulling on the role of the world currency, an alternative to the dollar. But it is not a fact that individual states and corporations will not gradually switch to other currencies in their calculations, moving away from the dollar monopoly.

The most interesting thing is that de-dollarization is most often discussed in Russia, Iran and Syria, but the EU and China will become the real beneficiaries of this process in the future. Europe feels stable due to the relatively strong position of the pan-European currency, and China is a very strong economy, also interested in weakening the dollar.
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  1. truck driver
    truck driver 15 July 2020 15: 42 New
    +8
    The depreciation of the dollar is beneficial, first of all, by the United States. American exports are cheaper, the competitive advantages of American manufacturers are improving, as one of the possible reasons, the coronovirus epidemic was and was conceived in order to lower the dollar ...
    1. Svarog
      Svarog 15 July 2020 16: 17 New
      +6
      What will happen to the ruble .. that’s the question, and the dollar or the euro will always strengthen against the ruble .. until we trade in natural resources ..
      1. Krasnodar
        Krasnodar 15 July 2020 16: 30 New
        0
        Greetings! hi I would take at least 60% of Russians an offshore in the Far East with a prerequisite for employment - a good step to strengthen the ruble and attract the Japanese, Chinese, Koreans and Americans. And replacing the 40% tax on the employer with another scheme is to make it more profitable. And the appointment of a special commission for each closed / sold / frozen business. Then maybe cheto will go
        1. Svarog
          Svarog 15 July 2020 16: 47 New
          +5
          hi So, is there already offshore in the Far East? At least a couple of years ago, when Medvedev was in office, this topic was procrastinated on all channels.
          And replacing the 40% tax on the employer with another scheme - so that it would be more profitable to produce

          Definitely. The tax policy must be changed; there will be no production policy with such a policy.
          In general, the state needs a clear program for the development of all vital sectors where it is possible to produce a product with high added value.
          1. Krasnodar
            Krasnodar 15 July 2020 17: 39 New
            +4
            Where, what, how - why are all Russian LLC-shki still registered there? laughing
            We need a clear program for financing science-intensive areas (as in Israel in 1982, EMNIP), a program of state support for trade in high-tech products was successfully buried by banks and officials who did not understand what it was about and how to make money without it
        2. businessv
          businessv 15 July 2020 20: 42 New
          +2
          Quote: Krasnodar
          And the appointment of a special commission for each closed / sold / frozen business.

          Well, at the same time, the investigation of cases of unfair privatization and the return of identified enterprises to the bosom of the state. wink
          1. Krasnodar
            Krasnodar 15 July 2020 21: 34 New
            +1
            Judging by the "effective" management of state-owned enterprises, it is better to leave them to the owners - if this is not the military-industrial complex or the oil and gas industry. laughing
            1. businessv
              businessv 15 July 2020 22: 04 New
              0
              Quote: Krasnodar
              Judging by the "effective" management of state-owned enterprises, it is better to leave them to the owners
              I had in mind enterprises such as Rusal, Norilsk Nickel, Yukos, etc., as well as those that went bankrupt before the privatization. Yes, it would not hurt to reconsider the policy of paying for the services of “effective minetiers” at state enterprises. And then the money from civil servant Miller just does not stick out of his ears! smile
              1. Krasnodar
                Krasnodar 15 July 2020 23: 00 New
                0
                Rusal and Norilsk Nickel - even if they remain in private hands, in state hands their effectiveness will drop significantly. And Miller and the rest - well, 5 million tanks a year is good money, but even if they are fired, they won’t earn less laughing And for the Russian Federation - yes, such salaries in times of crisis are too much. On the other hand, the one who with such budgets will go to the salary even in a million rubles per month, Pts is quickly stolen.
                1. evgen1221
                  evgen1221 17 July 2020 10: 06 New
                  0
                  And something does not believe that one and the same manager at a state enterprise will work many times worse than at a private trader. Salary hobbyists are not an indicator of professionalism. Correspondingly, a logical step is that if a private trader goes bankrupt, then the enterprise goes over to the state in a year (if the private trader does not find a way out).
      2. Voyager
        Voyager 15 July 2020 18: 06 New
        -2
        Bullshit. The ruble from 2000 strengthened well until 2014, when they started to push us from outside.
        1. Krasnodar
          Krasnodar 15 July 2020 19: 06 New
          0
          Let's just say that it didn’t fall much. External pressure to assume the role of a superpower is inevitable.
          1. Liam
            Liam 15 July 2020 19: 12 New
            -1
            Quote: Krasnodar
            superpower roles

            Energy) hi
            1. Krasnodar
              Krasnodar 15 July 2020 19: 29 New
              -1
              Greetings! hi More military, most importantly, in principle))
              1. Liam
                Liam 15 July 2020 21: 46 New
                +2
                You have an attack of patriotism)
                1. Krasnodar
                  Krasnodar 15 July 2020 23: 04 New
                  +1
                  Why patriotism? laughing Militarily, the Russian Federation can surely destroy any country on the planet (lower it to the standard of living and governance of the Central African republics) and even several countries of the world at the same time. I understand what you are talking about - what's the point with such a social network and the level of income of the population - but that's another conversation soldier
                  1. Liam
                    Liam 15 July 2020 23: 12 New
                    +2
                    For God's sake). France, England, China, Israel, India and even Pakistan can do the same, while the United States can do this without the use of nuclear weapons, and even the DPRK can partially.
                    A lot of super powers are recruited)
                    1. Krasnodar
                      Krasnodar 15 July 2020 23: 30 New
                      +1
                      Not quite comparable)) China is indisputable. Israel will be able to do this only in retaliation, having demolished several regions, say, China or bombed Pakistan from the 20th century into the 17th century, having suffered enormous losses (9/10 of the population and the territory cannot be restored). England and France - in a war with a serious country, they simply cease to exist, leaving the enemy the same number of people who inhabit them today, if not more, without even destroying all the industrial and logistics centers of the enemy. India and Pakistan - in the war with the same China, they will simply suspend the development of the country for thirty years, they themselves will plunge into the Stone Age. North Korea - it can cool someone angry, no more. So that MILITARY there are only three superpowers in the world hi
                      Once again - I would love to change all this for the British standard of living, Israeli medicine, the French social program, etc., remaining at the, say, British level of nuclear weapons - but today the situation is different
                      1. Liam
                        Liam 15 July 2020 23: 42 New
                        0
                        You have strange arithmetic)
                        For 2020, WB-220 has nuclear weapons, France has 290, and China has 320.
                        As for the conventional armed forces, China was beaten by all the countries that started the war with him for the last thousand years. Starting with the Mongol). But he has a stable military superpower, and the rest haven't. By the way. India and Pakistan have 150 each. Israel has 90)
                      2. Krasnodar
                        Krasnodar 15 July 2020 23: 47 New
                        +1
                        1) We do not know how many China have them. The military suggests more than 600.
                        2) The Chinese proved themselves in the Korean War - they drove the Americans to the state border (under Soviet air cover, but still).
                        3) Israel does not have at all lol (approximately, like in France), the Packs are like 120, in India 170-200
                      3. Liam
                        Liam 15 July 2020 23: 54 New
                        0
                        Quote: Krasnodar
                        We do not know

                        SIPRI is a serious office.
                        https://www.google.com/amp/s/news.liga.net/amp/world/news/kolichestvo-yadernyh-boegolovok-v-mire-umenshilos-no-orujie-stalo-moschnee-sipri
                        Quote: Krasnodar
                        The Chinese have proven

                        Not enough for a superpower .. don’t you?)
                        The Chinese have purged everyone and always.
                        A superpower is a multifaceted concept and composed of many factors. Political, military, diplomatic, cultural, etc., and 1,6% of the global GDP is clearly not pulled by a superpower)
                      4. Krasnodar
                        Krasnodar 16 July 2020 00: 12 New
                        +1
                        1) All offices evaluating nuclear weapons are very serious - where does Israel get the 90 figure? )) The minimum ratings are 80, the maximum - under 400. But if they sing Netanyahu, or bought someone else - yes hi They know. And immediately laid out on the Internet.
                        2) Once again - the PRC of the 50s has already shown that it is capable of something. Historically, only the lazy did not bend the Jews either - but times are changing a little.
                        3) I wrote only about the military superpower - that even their culture is not used here (Russian classics are very popular in the West), this is a different conversation
                      5. Liam
                        Liam 16 July 2020 00: 23 New
                        +2
                        400 for the Israeli economy is an unbearable burden. So 90 is a very realistic figure.
                        What did China prove in the 50s? What 1 million "volunteers" can push the Amer’s division to 38 parallel? This will be included in the annals of military art). Historically, the Jewish state was bent only 1 time. And this needed a real superpower-Rome)
                        Russia is not a military superpower. In conventional armaments there are at least 5/6 countries stronger. And nuclear weapons have a dozen countries. And you have 200 charges or 2000, no difference. When to die, you need 1 cartridge, no matter how many cartridges the enemy has-100 or 1000)
                      6. Krasnodar
                        Krasnodar 16 July 2020 01: 21 New
                        +2
                        1) 400? Lifting. The question is - on what carriers, types of charges, even their basing, 400 on nuclear submarines and mines - definitely not)).
                        2) There were many more divisions (about 100 thousand troops were evacuated by sea, how much did they retreat?) And the parallels pushed them further - the second time the Communists took Seoul during the war, though then they were thrown back to the 38th, moving further was fraught with even greater losses .
                        3) The Assyrians bent on Israel. The Greeks took Judea without a fight. Rome bent completely. The Kurdish state of the Jews was defeated by the Arabs. Ethiopian - Christians)).
                        4) We are now talking about a full exchange of nuclear strikes. England’s attack on Russia will not end its statehood or activity. Russia's attack on Britain will cease its physical existence in general. )))
  • aybolyt678
    aybolyt678 18 July 2020 03: 41 New
    0
    Quote: Voyager
    Bullshit. The ruble from 2000 strengthened well until 2014, when they started to push us from outside.

    strengthened, weakened .... The standard needs to be. Equating the ruble to a kilowatt and dancing from it. Gold, oil is not an option. But the energy .. Everyone is fighting for it. There are many technologies inherent in electricity.
  • businessv
    businessv 15 July 2020 20: 40 New
    0
    Quote: Svarog
    What will happen to the ruble .. that’s the question, and the dollar or the euro will always strengthen against the ruble ..
    It's not about strengthening the dollar, or the euro! The point is the fall of the ruble under the strict guidance of our Central Bank! And this will be as long as the problems of the budget and the oligarchs are solved at the national expense.
  • businessv
    businessv 15 July 2020 20: 49 New
    -1
    Quote: LKW Fahrer
    American exports are getting cheaper, competitive advantages of American manufacturers are improving
    All manufacturers have long been in Hong Kong and China, so for starters they need to be returned home, to the states, along with the industries. smile PS How is the demand for LKW Fahrer in Deutschland today? smile
  • Nyrobsky
    Nyrobsky 15 July 2020 23: 07 New
    +3
    Quote: LKW Fahrer
    The depreciation of the dollar is beneficial, first of all, by the United States

    This is a hedgehog understandable. But the trick is that there are tendencies in the world to move away from the dictatorship of the dollar, which the US uses not only as a unit of account, but also as an instrument of pressure against those who are not desirable. The loss of this instrument of influence, in the long run, will happen to states regardless of whether or not the depreciation of the Baku exchange rate is beneficial to them.
    1. aybolyt678
      aybolyt678 18 July 2020 08: 12 New
      0
      Quote: Nyrobsky
      which the United States uses not only as a unit of account, but also as an instrument of pressure against the unwanted.

      Have you forgotten that the dollar in the Central Bank of many countries is a reserve. Whatever happens in the United States, it is precisely its quantity in the world economy and the rule of calculating the dollar for oil that gives it a certain stability. Moreover, the Euro itself contains American Treasuries. The dollar can only be defeated by a new standard, for example, the ruble is rigidly tied to a kilowatt
  • parusnik
    parusnik 15 July 2020 15: 43 New
    11
    Wake on the dollar dragged on ...
    1. Romario_Argo
      Romario_Argo 15 July 2020 16: 03 New
      +2
      I liked the idea of ​​"probably-possibly-maybe" denomination of the ruble by 2 zeros "00"
      $ 1 will cost 70 cents
      1 ruble will cost $ 1,43
      1. aleksejkabanets
        aleksejkabanets 15 July 2020 16: 29 New
        12
        Quote: Romario_Argo
        I liked the idea of ​​"probably-possibly-maybe" denomination of the ruble by 2 zeros "00"
        $ 1 will cost 70 cents
        1 ruble will cost $ 1,43

        I’m afraid that you won’t like the implementation of this very “denomination”. As if we already had monetary reforms, but the people, to put it mildly, won nothing from them.
        1. Romario_Argo
          Romario_Argo 15 July 2020 16: 40 New
          -5
          and people, to put it mildly, won nothing from them

          it's not about the people - it's a shame for the homeland hi
          1. aybolyt678
            aybolyt678 18 July 2020 08: 17 New
            -1
            Quote: Romario_Argo
            it's not about the people - it's a shame for the homeland

            ?? wassat wassat wassat it seems to me that these are inextricably linked concepts, the motherland is a people in a certain territory giving birth to sons like you smile And monetary reforms are carried out by people far from their homeland and people
    2. Normal ok
      Normal ok 15 July 2020 19: 19 New
      -2
      I read articles on the topic of replacing the world reserve currency on Deutsche Welle and on the BBC. Everyone agrees that this process will last at least 10-20 years. And then, not the fact that by this time there is an alternative to the dollar.
      1. iConst
        iConst 15 July 2020 21: 37 New
        +1
        Quote: Normal ok
        I read articles on the topic of replacing the world reserve currency on Deutsche Welle and on the BBC. Everyone agrees that this process will last at least 10-20 years. And then, not the fact that by this time there is an alternative to the dollar.

        Replacing the world's reserve currency is unlikely to happen in the foreseeable future.
        The problem of the world currency is that the issuer of this currency removes all the cream. In addition, there is a great temptation to bend all those who are objectionable, which we observe.

        And until they agree on an emission mechanism so that at least no one has any preferences (and the world economy will not be spread by shocks), a new world currency is unlikely to appear.
        Therefore, the most likely scenario is the collapse of the global economy into zones with regional currencies. But what currencies will become regional - the question!

        Whether it will be existing currencies or common regional ones will appear - depends on the specific situational circumstances in those regions.

        Europe already has a prototype - the euro, although some euro members are sitting on their zloty, francs, kroons and are in no hurry to jump from them.
  • Courier
    Courier 15 July 2020 16: 06 New
    +4
    The largest companies in the world are American, they will not switch to other currencies.
    1. alma
      alma 15 July 2020 16: 42 New
      11
      Everything flows, everything changes.
      1. aybolyt678
        aybolyt678 18 July 2020 08: 23 New
        0
        Quote: alma
        Everything flows, everything changes.

        transnational corporations are flowing and changing the world economy, if they carry out a total digitalization, then the capacity of any market in any zone will become known, then the logistics business and new shopping centers will appear in cities, districts and villages offering goods at prices that kill local traders. Not to mention the producers ... and our government sings to the same tune. sad
  • FIR FIR
    FIR FIR 15 July 2020 16: 38 New
    +6
    Pandemic, elections, Trump, stagnation in the economy - this is all temporary. Well, 5 percent of euro will come off from the dollar ... And what will change? And the utopia of “united Europe” will not help either. Elections will be held, the covert will come to naught, and the dollar will win back these percentages, if not more ...
  • pytar
    pytar 15 July 2020 16: 54 New
    +4
    ... de-dollarization is most talked about in Russia, Iran and Syria, but the EU and China will become the real beneficiaries of this process in the future. Europe feels stable thanks to the relatively strong position of the pan-European currency ...

    And what about "everything is bad in the European Union, it’ll break up"? fellow
    1. Sanichsan
      Sanichsan 15 July 2020 18: 57 New
      -4
      but doesn't it break up? over there Britain fell out. wink do you think she’s the last?
      1. pytar
        pytar 15 July 2020 19: 24 New
        0
        but doesn't it break up?

        I hope it does not break up. The EU is the best thing that has happened in Europe in history.
        over there Britain fell out.

        Britain always looked to me in the EU as strange. Out of place. The British have their own Commonwealth of nations. 53 countries are members of it. Elizabeth II Queen on 16 of them ...
        do you think she’s the last?

        During the creation of the EU, only 6 countries are members. Britain is not there. There are now 27 countries in the EU. Nobody forbids anyone to howl. This is a voluntary union.
        1. Sanichsan
          Sanichsan 15 July 2020 23: 52 New
          -1
          Quote: pytar
          I hope it does not break up. The EU is the best thing that has happened in Europe in history.

          yeah ... better than the millennial Reich lol
          prerequisites for the collapse of more than solidarity. the pandemic clearly showed that in this "alliance" everyone is for himself. the union is clearly divided into donors and subsidized. donors such as France and Germany decide who gets what. there was still Britain but fell off wink the rest consume more than they bring to the EU budget. donor countries are interested in donors as a source of cheap labor. sometimes not just cheap, but directly slavish (recently a scandal in France happened). in addition, some subsidized countries flirt with the United States and protect the interests of the United States, not the EU. Now the distribution of aid will begin to restore the economy after the pandemic and this will further aggravate the contradictions. How long can this jar with spiders last? laughing
          1. pytar
            pytar 16 July 2020 16: 05 New
            +1
            yeah ... better than the millennial Reich

            Absolutely nothing in common. The EU is a voluntary political and economic union. There are democratic, voluntary principles.
            prerequisites for the collapse of more than solidarity.

            You are probably talking about CMEA ...
            the pandemic clearly showed that in this "alliance" everyone is for himself.

            Each EU country has its own national interests, and there are common ones. Each union is based on a compromise. As for the pandemic, you are clearly not in the know ...
            the union is clearly divided into donors and subsidized.

            In the Russian Federation, too. Some regions subsidize others ... type federation ...
            donor countries are interested in donors as a source of cheap labor. sometimes not just cheap, but just slavish (recently a scandal in France happened)

            The difference in income is reduced, this is a normal process. Is it wrong in the Russian Federation? As for slave force, I recently read that in the Russian Federation at the office. data nearly 1 million workers have no social protection / slaves per se /.
            in addition, some subsidized countries flirt with the United States and protect the interests of the United States, not the EU.

            It happens ... The EU is not a monolith, like "tys.reih", with which you are trying to compare the ego.
            Now the distribution of aid will begin to restore the economy after the pandemic, and this will further aggravate the contradictions.

            Quite possibly. Talk about a colossal resource. More than 1,750 trillion euros. Usually scandals in other unions due to lack of funds, but here ...
            How long can this jar with spiders last?

            From herpentarium does the world look like this?
            1. Sanichsan
              Sanichsan 16 July 2020 16: 49 New
              +1
              Quote: pytar
              Absolutely nothing in common. The EU is a voluntary political and economic union. There are democratic, voluntary principles.

              I wrote this wink Do you know the term sarcasm? laughing
              Quote: pytar
              As for the pandemic, you are clearly not in the know ...

              why so. we know how the Czech Republic stole humanitarian aid sent from China to France. request Is this the very “own interests”?
              Quote: pytar
              In the Russian Federation, too. Some regions subsidize others ... type federation ...

              in Russia it’s not at all like that. Regions are dated by the state. the radical difference is that in Russia it is financing of regions, while in the EU it is providing loans, that is, enslavement. Yes, but the EU has projects that finance, not credit, but these are isolated cases.
              Quote: pytar
              The difference in income is reduced, this is a normal process.

              Is this where the income gap has narrowed? between Germany and Romania? and in whose income? officials? then why strawberries in Germany are harvested not by dumb people, but by all sorts of Hungarians, Poles, or Balts?
              Quote: pytar
              As for slave force, I recently read that in the Russian Federation at the office. data nearly 1 million workers have no social protection / slaves per se /.

              we are migrant workers. not citizens of Russia. you are EU citizens. understand the difference?
              Yes, Russia is a normal capitalist country. are you surprised? bully
              Quote: pytar
              It happens ... The EU is not a monolith, like "tys.reih", with which you are trying to compare the ego.
              you understand that if your left leg puts a step on your right leg, then you won’t go far wink
              By the way, why not the Reich? Latvia is an EU member and half of the population in the country is not citizens. what are not fascists? Latvia has no complaints about this discrimination, which means that fascism is normal for the EU. yes
              Quote: pytar
              Quite possibly. Talk about a colossal resource. More than 1,750 trillion euros. Usually scandals in other unions due to lack of funds, but here ...

              small correction wink you, and a number of subsidized countries, really want it to be a resource, but Germany and France want it to be a loan. bully Do you know about the features of a loan?
              Quote: pytar
              From herpentarium does the world look like this?

              no, from a country in which you can get acquainted with both pro-European and anti-European sources wink judging by your idealism you do not have such an opportunity request

              I would like to ask you a question ... a number of countries joined the EU on the terms of the destruction of their own industry, such as Romania and the Baltic countries. the Baltic states even dismantled the finished nuclear power plant for scrap ... how can you comment on this?
              1. pytar
                pytar 16 July 2020 22: 46 New
                0
                yeah ... better than the millennial Reich

                I wrote this to you the term "sarcasm"?

                Do you understand how unsuccessfully you managed? negative
                how the Czech Republic stole humanitarian aid sent from China to France, we know

                What to do, in all countries of the world, there are bad people ... request But most are good! fellow
                in Russia ... regions are dated by the state. the radical difference is that in Russia it is financing of regions, while in the EU it is providing loans, that is, enslavement.

                With some regions it pumps out resources, others subsidize. Much remains in Moscow for their ...
                As for the EU - you can see right away - you are completely unaware of how the system of development funds works. Alexander, the topic is clearly not yours ... lol
                we are migrant workers. not citizens of Russia. you are EU citizens. understand the difference?

                Do you understand that "slaves" in the EU live much better than slaves in the Russian Federation? And what in the EU, as soon as a violation of labor legislation is established, mayors are being undertaken? In the Russian Federation, in a similar situation, they simply bury "screamer" in the forest ...
                Yes, Russia is a normal capitalist country. are you surprised?

                Being often in Russia and seeing reality with my own eyes, nothing can surprise me anymore. They took all the worst from capitalism and crossed with authoritarianism. It can hardly be called a normal capitalist country ... And it is unlikely that such a woman has the moral right to teach someone else.
                you understand that if your left leg puts a step on your right leg, then you won’t go far

                Do you understand that if you have two left legs, you will not do a single normal step?
                Latvia is an EU member and half of the population in the country is not citizens. what are not fascists?

                I personally do not approve of the attitude of the Latvian authorities to these problems. On the other hand, if it is so bad there, as you say, why these non-citizens do not migrate to the Russian Federation ???
                you, and a number of subsidized countries, really want it to be a resource, but Germany and France want it to be a loan.

                Above said - you are confusing things. T.N. subsidies are freightless. They are more than half the total. Extremely low rate lines of credit are being opened for additional help.
                judging by your idealism you do not have such an opportunity

                He lived half his life with social services, half with democracy. I often go to Europe and the Russian Federation / there are relatives there. I can compare objectively, and doesn’t prejudice the idea of ​​idealism. The EU is the most successful union in the history of Europe. Not without jambs, but history still does not know anything better.
                a number of countries joined the EU on the terms of the destruction of their own industry, such as Romania and the Baltic countries. the Baltic states even dismantled the finished nuclear power plant for scrap ... how can you comment on this?

                An economy assembled on non-market principles cannot function in competition. It must be restructured. The hardest thing is to rebuild heavy industry, sometimes it is impossible. As for Romania, you have an extremely erroneous opinion in Russia. I will not go into details, but I know this country well.
                At the end of our dialogue, I would recommend you to think about it - if the EU is as bad as they say in Russia, why half a billion people want to live in this "hell"?
                1. Sanichsan
                  Sanichsan 16 July 2020 23: 45 New
                  0
                  Quote: pytar
                  Do you understand that "slaves" in the EU live much better than slaves in the Russian Federation? And what in the EU, as soon as a violation of labor legislation is established, mayors are being undertaken?

                  slaves everywhere live equally badly. both in Russia and in the EU, they are found in utility rooms that are not suitable for housing. and here and there slaves work for food request Well, maybe in the EU
                  warmer yes but it is not the merit of the EU wink
                  Quote: pytar
                  In the Russian Federation, in a similar situation, they will simply bury a "screamer" in the forest ...

                  exactly the same investigative actions as in any civilized country. it's in the EU now journalists are being killed wink Hungary, Italy .. not? let's not think about it? laughing
                  Quote: pytar
                  Above said - you are confusing things. T.N. subsidies are freightless. They are more than half the total. Extremely low rate lines of credit are being opened for additional help.

                  on the contrary. From the Euronews story, it is clear that donor countries are lobbying for assistance in the form of a loan, while subsidized countries insist on gratuitous payments. request
                  Quote: pytar
                  I personally do not approve of the attitude of the Latvian authorities to these problems. On the other hand, if it is so bad there, as you say, why these non-citizens do not migrate to the Russian Federation ???

                  hmm .. don't like get out? and you are a totalitarian! wassat
                  in fact, these people do not live there for the first generation. it's like their homeland. but this fascist regime is, as it were, part of the EU with which you live. yes, you don't like it, and? all?
                  at the end of the 30s of the last century, too, "did not like" how one Austrian artist treats the Jews ... do you remember how it ended?
                  Quote: pytar
                  An economy based on non-market principles cannot function in competition. It needs to be rebuilt. The hardest thing is to rebuild the heavy industry, sometimes it is impossible.

                  where does the competition? supply chains that do not lead to the EU, yes. but what kind of competition and which supply chains can explain the analysis of scrap nuclear power plants ready for launch ???
                  Quote: pytar
                  At the end of our dialogue, I would recommend you to think about it - if the EU is as bad as they say in Russia, why half a billion people want to live in this "hell"?

                  where did I write that the EU is "hell"? Are you trying to attribute your thoughts to me? bully
                  Let me remind you that our dialogue began with the fact that you tried to show off the unity of the EU, to which I reasonably indicated to you that one member of the alliance had already left, and the pandemic clearly showed that in case of serious problems, everyone would die separately. I remind you that Russia sent the mobile hospital to Italy, not France, Germany or Poland. that's all your european unity hi it looks like you confuse unity with addiction request
                  I drew your attention to the quite obvious signs of the EU crisis request whether you want to notice it or not is not important. all this happens regardless of you or me. yes
                  PS
                  It was nice to talk. I hope not for the last time hi
                  1. pytar
                    pytar 17 July 2020 10: 23 New
                    +2
                    slaves everywhere live equally badly.

                    Living conditions are different. Moreover, sometimes in his native country is worse. The bourgeois are of the same mentality. And the difference is in the ability of workers to assert their rights.
                    The EU is now killing journalists Hungary, Italy .. not?

                    If I were you, I would have wisely kept silent ... Russia is constantly entering the forefront in these unhappy indicators ...
                    From the Euronews story, it is clear that donor countries are lobbying for help in the form of a loan, while subsidized countries insist on gratuitous payments.

                    fine! in the end they will reach a compromise solution. The system wallpaper will be used.
                    don't like get out? and you are a totalitarian! in fact, these people live there not the first generation. it's like their homeland.

                    not. I am a person with a democratic mindset. I think the discrimination of the Russian population is wrong, even though we have in mind the complex history of relations between the Baltic states and Russia, we can understand their fear ...
                    but this fascist regime is, as it were, part of the EU with which you live. yes, you don't like it, and? all? at the end of the 30s of the last century, too, "did not like" how one Austrian artist refers to Jews ... do you remember how it ended?

                    criticism is fair, I agree with that. about fascism, it most likely threatens the Russian Federation from within. your society is heading towards fascization - restrictions on freedom of speech, persecution of the unwanted, chauvinistic propaganda, everything is in the Russian Federation. kureozno, but in the country of victorious fascism, fascism wins. no offense, I see the situation. my personal opinion.
                    but what kind of competition and which supply chains can explain the analysis of scrap nuclear power plants ready for launch ???

                    I admit, I am not aware of the situation with nuclear power plants in Latvia. we had the same problems, but the ego was solved quite democratically.
                    where did I write that the EU is "hell"? I remind you that our dialogue began with the fact that you tried to showcase the unity of the EU, which I reasonably pointed out to you that one member of the alliance has already left, and the pandemic clearly showed that in case of serious problems everyone will die separately. I remind you that Russia sent the mobile hospital to Italy, not France, Germany or Poland. that’s all your European unity, it looks like you confuse unity with dependence. I drew your attention to the very obvious signs of an EU crisis whether you want to notice it or not, it doesn’t matter. all this happens regardless of you or me.

                    Andrew, the EU is a union of free nations! This is not a muzzle, not some kind of prison or gulag! Britain is gone, others want to come in. All this is normal! Nobody stomps anyone with tanks! A pandemic revealed union weaknesses. And this is good, since without identifying them, there is no way to eliminate them. Your media, which I regularly monitor, present a very distorted picture. Directly parallel reality! They scored the information space with screams, "Russia helped Italy, but the EU did not help!" But nowhere do they talk about mutual assistance to EU countries, which is incomparably more scaled! Here is my country, is a traditional manufacturer of alcohol-based disinfectants. 400 tons were sent to Austria, hundreds more tons of Italy and Spain. The Italian Air Force provided transport, and our goods. Bulgarian doctors, along with the Romanian team, worked for several months in Bergamo and the regions of infection. My relative is a doctor, she has been in this team for 3 months. A huge amount of materials to fight the epidemic was redirected to different regions of the EU. The main problem was not from lack of desire and resources, but from the bureaucracy, which is truly prohibitive in the EU. Pio about unity, you know, all the countries of the world are interdependent. No fully independent countries. In the EU, this is a discussion topic, they talk about it, criticize it, hold meetings, this is normal democracy!
                    It was nice to talk. I hope not for the last time

                    Dear Alexander! It is always interesting to know a different point of view! Not from the media, but into personal communication! I am pleased with our dialogue! I want to wish you personally good health and success in all matters! hi
                    1. aybolyt678
                      aybolyt678 18 July 2020 08: 53 New
                      0
                      Quote: pytar
                      I am a person with a democratic mind. I think the discrimination of the Russian population is wrong, even though keeping in mind the complex history in the relations of the Balts with Russia, one can understand their fear ...

                      dear Boyan! how do you feel about the pederastisation of society?
                      1. pytar
                        pytar 18 July 2020 09: 39 New
                        0
                        dear Boyan! how do you feel about the pederastisation of society?

                        Hello Aybolit678! hi I am a citizen of a country in which society is traditionally conservative. The mentality of our people is unchanged, the concepts are traditional.
                        In my views on the topic of LGBT, I proceed from the opinion of scientists - non-traditional sexual orientation is genetically determined. Like eye color or nose length. LGBT propaganda / anti-propaganda cannot affect the number of such people. This topic is far-fetched, politicized, the ideological element is intentionally invested in it, although in essence it is a purely medical and psychological issue. I do not consider it a threat to the existence of society. You can discuss like every other problem, but it should be within the framework of decency. There should be no privilege or discrimination. hi
                      2. aybolyt678
                        aybolyt678 18 July 2020 10: 03 New
                        0
                        Quote: pytar
                        There should be no privilege or discrimination.

                        the fact is that in the Russian public consciousness there is a firm concept that pederasty can be of two types: by sexual orientation and by life position, and one type cannot but be complicated by the second.
                        Quote: pytar
                        unconventional sexual orientation is genetically determined.

                        not. As a veterinarian, Ph.D., I tell you that the instinct of procreation cannot be associated with attraction to one's sex. Quite the opposite. Those cases when a man looks like a woman, this is a case of hormonal imbalance, there may be a genetic error. But any male can be reoriented to other males using, for example, pheromones, hormones. In short, sexual orientation is the connection of mental images with the level of hormones to the blood, fixed by orgasm. I once mistakenly applied a pheromone on a boar dummy and the boar began to jump on other boars or on a dummy only in the presence of other boars.
                      3. pytar
                        pytar 18 July 2020 10: 28 New
                        0
                        I am not an expert on the topic, so I cannot argue. I say that I read. Whether it is true or not, I don’t know. In my country, I don't see such problems. The Balkan is a region in which people live with a traditionally harsh way of life, cultivated for millennia. Husband with wife, wife with husband ... bully
                        And your story about the pheromone on Chechulya amused me a lot! A plus laughing good
                      4. aybolyt678
                        aybolyt678 18 July 2020 10: 54 New
                        -1
                        on my own I will add that manipulation with a child's immature consciousness, the use of the denial of SHAME, child's curiosity and empathy (the ability to empathize) leads to the emergence of unconventionally oriented personalities.
                        denying shame is a very dangerous thing. It contributes to the emergence of maniacs, psychos and fascists.
                  2. pytar
                    pytar 18 July 2020 10: 11 New
                    +1
                    By the way, I will say a few more words on your question. Since LGBT, according to modern science, is a type of genetic malformation, they must be treated like every other such. We do not attack people who have some other genetic defects! This particular one was probably passed on from the first living organisms that were polygenic. There is an assumption that publicity will give more opportunities for such people to find themselves like them. And as we know, they do not multiply by creating relationships with each other. There are exceptions for special railway items, but there are also restrictions there. Thus, the genetic defect is localized in the LGBT groups and from the time of the ego spread, the ego population is limited. It is so with every genetic malformation. hi
            2. aybolyt678
              aybolyt678 18 July 2020 08: 51 New
              0
              Quote: pytar
              They took all the worst from capitalism and crossed with authoritarianism.

              +++, you are in the subject !! I am delighted! And at the same time they are now shouting about continuity !!!
              1. pytar
                pytar 18 July 2020 10: 03 New
                +1
                +++, you are in the subject !! I am delighted! And at the same time they are now shouting about continuity !!!

                Well, I think everything is in the subject! The essence of what happened is so obvious that few people will go into confusion! :))))))))))))))) Well, except for people of one limited category, I call them CD-R, like disposable discs ... Once formatted and recorded, they cannot be changed. They are incapable of independent thinking, they repeat like parrots what is written on them. lol
        2. aybolyt678
          aybolyt678 18 July 2020 08: 44 New
          +2
          Quote: pytar
          The difference in income is reduced, this is a normal process.

          In the Russian Federation, the difference in income is increasing, both between strata and between Moscow and the rest
          Quote: pytar
          From herpentarium does the world look like this?

          serpentaria - serpentis viper in Latin
          Quote: pytar
          almost 1 million workers do not have any social protection / essentially slaves /.

          the essence of slavery is different ... laughing and what you mean is called the beastly grin of capitalism
  • bar
    bar 15 July 2020 17: 28 New
    0
    German Presidency of the European Union contributes to greater stabilization of a united Europe, both politically and economically

    This chairmanship will end in just six months. Is this enough for at least some kind of stabilization of Europe is a big question.
  • Revolver
    Revolver 15 July 2020 17: 39 New
    10
    Generations of Russians are born, live, and die in the expectation that the dollar and America are about to collapse.
    1. pytar
      pytar 15 July 2020 18: 37 New
      +5
      Instead of making their country better, they look forward to others getting worse! fellow
    2. Keyser soze
      Keyser soze 15 July 2020 22: 26 New
      +3
      Generations of Russians are born, live, and die waiting


      Yellowstone? :)
      1. Revolver
        Revolver 15 July 2020 22: 41 New
        +3
        Quote: Keyser Soze
        Yellowstone? :)

        Huaynaputina? When this Peruvian volcano last erupted in 1600, the discharge of ash into the atmosphere overshadowed the sun. Not that total darkness, but enough for something like a small ice age to happen. In Russia, snow fell on the Trinity. As a result, there were 3 years of crop failure, famine, and accordingly hunger riots and even cannibalism on a serious scale. This is what triggered the Troubles, in which the country's population was reduced by 3/4. Do you think Russia will get less from Yellowstone? So do not threaten to throw an edren loaf in Yellowstone, the answer can fly in the form of Huaynaputina.

        http://prikol.bigmir.net/view/286564
  • A. Privalov
    A. Privalov 15 July 2020 17: 45 New
    +9
    Maybe I misunderstood something, but I have a feeling that the Russians themselves are not listed as beneficiaries - a dollar of 70 rubles, or a euro of 80, there is not much difference. Horseradish, as they say, radish is not sweeter.
  • 123456789
    123456789 15 July 2020 18: 04 New
    +5
    "Rumors of my death are greatly exaggerated."
    (Mark Twain) Your Dollar
  • Maks1995
    Maks1995 15 July 2020 18: 06 New
    +5
    IMHO, review the "short course of the fall of the bucks" on the Internet
    In the meantime: USD 70,92, EUR 81,02 - who has rubles - are invested in bucks .....
  • Rostislav
    Rostislav 15 July 2020 18: 20 New
    +3
    and China is a very strong economy, also interested in weakening the dollar.

    The situation is exactly the opposite. China is focused on exporting to the states, and at times it increases the competitiveness of its goods just by weakening the renminbi, in connection with which the states regularly express dissatisfaction with them and threaten with counter measures.
  • iouris
    iouris 16 July 2020 11: 20 New
    0
    Answer: it is practically the same thing. And also the ruble: didn’t you see that the currency symbols are crossed out, and if you did, then don’t you know what that means?
  • Smirnoff
    Smirnoff 16 July 2020 17: 33 New
    14
    All these trends are periodically adjusted.
  • Hikaro
    Hikaro 16 July 2020 22: 09 New
    0
    So for a minute, almost 95% of the freight charge in shipping is only a dollar! The salary in the merchant fleet is 99% dollars! Oil and gas are traded in dollars! The list goes on, so it's too early to sing a song about the demise of the dollar! While he was there and will be! No need to build silly illusions!
    1. fif21
      fif21 17 July 2020 20: 30 New
      -1
      Quote: Hikaro
      So for a minute, almost 95% of the freight payment in sea transportation is only in dollar! Salary in the merchant marine 99% dollars! Oil and gas are traded in dollars!

      And if you sign contracts in euros? And to sell oil and gas for rubles? recourse
      1. Mikhail Ya2
        Mikhail Ya2 21 July 2020 07: 04 New
        0
        The question is, who will buy?
  • Ilya Shevelev
    Ilya Shevelev 17 July 2020 00: 14 New
    0
    )))) means there will be a course of 100
  • fif21
    fif21 17 July 2020 20: 27 New
    -1
    Who will buy a noose? Astronomical US debt + recession + dollar blackmail ...
    But they will try to drain it quietly, without shocks. hi