135 sats \ 2 replies \ @Cje95 19 Oct \ on: BRICS Summit: Putin Pumps Brakes on Joint Currency Plans news
With each government wanting control over their own currency I just don't see them ever agreeing. China would naturally want more control to be able to flex its economic power but that isn't what Russia or India or Brazil would want or favor. I just see it hard to come to fruition.
write
preview
this territory is moderated
10 sats \ 1 reply \ @Undisciplined 19 Oct
That's how I've always seen it, too. Even if they agreed to something, all of the members would be cheating their butts off. It would be a race to the bottom, like we've seen with the EU members.
reply
22 sats \ 0 replies \ @Cje95 19 Oct
Exactly! There is no way that something like rates could be set with these different powers
reply