What would it take for euro to dethrone king US dollar?

[cavok@lemmy.world]

Paywall? https://archive.is/4GBXx

[a_norny_mousse@feddit.org]

The world already has several global reserve currencies, the euro already being #2. I see no benefit in vying for first place here. I find the whole concept a little artificial anyhow; but hey, I'm not a banker.

[buffalox@lemmy.world]

A key driver behind the euro’s creation was to act as a counterweight to the dollar,

This is false. The reason for the Euro was to make trade easier between EU countries, and to have a more stable currency than countries could provide individually. stable currency and stable economy are tied, and fundamental for economic growth.
It was an extension of decades of cooperation since the 70's between the national banks of EU (EEC) to stabilize European currencies against each other. https://en.wikipedia.org/wiki/Snake_in_the_tunnel

Seems to me the USD has been slowly dethroning itself for a couple of decades now.
To be a good reserve currency requires stability, and USA started the financial crisis in 2008, and is now starting their very own recession.
The USD is already not as almighty as it used to be. But the Euro isn't quick to take over either.
It's already somewhat fragmented, and we will probably see more fragmentation between Yuan, Euro and USD.

[parptarf@lemm.ee]

A few more months of Trump being in office will probably make the Euro stronger than the USD.

[schwertimstein@lemmy.dbzer0.com]

It already has

[suoko@feddit.it]

Add a Blockchained version of Euro and it's done