- Jul 28, 2017
- 162
- 297
That is just incorrect, Euro is backed the same way Dollar, by Goverments. Think before you write something, because someone may read what you write.To be fair, euro currency is backed by dollars (instead of something of actual value) because of USA murdering a bunch of heads of state for refusing to use the petro-dollar for the sale of fossil fuels.
So in effect european currency is just US dollars with a coat of point. Which is why when USA prints money the whole world gets inflation.
Thus calling it european dollar is perfectly reasonable.