{"id":95746,"date":"2009-12-23T07:59:00","date_gmt":"2009-12-23T12:59:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/foreign-central-banks-running-out-of-dollar-alternatives-as-the-euro-flat-lines-2009-12"},"modified":"2009-12-23T07:59:00","modified_gmt":"2009-12-23T12:59:00","slug":"with-the-euro-crumbling-foreign-central-banks-are-running-out-of-dollar-alternatives","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/95746","title":{"rendered":"With The Euro Crumbling, Foreign Central Banks Are Running Out Of Dollar Alternatives"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b01bc6e00000000004f1e1c&amp;maxX=400\" border=\"0\" alt=\"dead_bears_truck\" width=\"400\" \/><\/p>\n<p><div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Talk of the euro replacing the dollar has diminished lately, what with the realization that Euro Area economies face massive financial risks of their own.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601085&amp;sid=a1R_ghfZ20rw\">Bloomberg:<\/a> &ldquo;If you start having serious problems credit wise with the likes of Spain, then the issue for the euro&rsquo;s credibility and its pricing against other currencies becomes a much bigger issue,&rdquo; O&rsquo;Neill said in an interview with Bloomberg Radio in New York today.<\/p>\n<p>Thus it&#8217;s interesting that Russia and China are now investigating the Canadian dollar as a U.S. dollar alternative.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.businessweek.com\/news\/2009-12-23\/flaherty-says-russia-china-may-buy-canada-dollars-to-diversify.html\">Business Week:<\/a> Canada&rsquo;s Finance Minister Jim Flaherty said China, with the world&rsquo;s largest currency reserves of $2.3 trillion, may be poised to buy Canadian dollars as it seeks to shield its reserves against the U.S. dollar&rsquo;s decline.<\/p>\n<p style=\"padding-left: 30px;\">&ldquo;It does not surprise me that China and Russia would take greater positions in the Canadian dollar than they have previously,&rdquo; Flaherty, 59, said during an interview in his office in Ottawa. &ldquo;I would expect countries looking around the world to invest in market currencies that are reliable.&rdquo;<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/foreign-central-banks-running-out-of-dollar-alternatives-as-the-euro-flat-lines-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-euro-breakup-may-be-the-story-of-2010-as-analyst-expects-ireland-and-greece-to-leave-the-union-2009-12\">The Euro Breakup Will Be THE Story Of 2010, As Analyst Expects Ireland And Greece To Leave The Union<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/timebomb-for-the-euro-greek-debt-poses-threat-to-the-common-currency-2009-12\">Time Bomb For The Euro: Greek Debt Poses Threat To The Common Currency<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/zennstrom-le-web-2009-12\">Skype&#8217;s Niklas Zennstrom Pitches VC Firm, Bullish On Euro Startups<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/RhFqaSqyo_M\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talk of the euro replacing the dollar has diminished lately, what with the realization that Euro Area economies face massive financial risks of their own. Bloomberg: &ldquo;If you start having serious problems credit wise with the likes of Spain, then the issue for the euro&rsquo;s credibility and its pricing against other currencies becomes a much [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-95746","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/95746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=95746"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/95746\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=95746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=95746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=95746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}