found this article here on the financial times website talking about how the euro has displaced the US dollar as the world’s pre-eminent currency in
international bond markets. this really isn't surprising at all.
All the US has to do to change that, is raise interest rates a bit, cause a little inflation, and make the US bonds more attractive to other
countries.
Is this surprising? When almost a whole continent joins together in an economic union, it should be obvious their currency will outperform a single
nation's.
The only thing this means is that European governments and corporations are more in debt than their American counterparts. I don't see why this is
being construed as a bad thing for the U.S.