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Im Darshini David Im a broadcaster economist and author of the almighty dollar in many ways it might seem like the obvious thing the euro is used by more people than there are Americans using dollars so surely that should mean that the euro becomes a dominant currency right I mean after all both trading blocks are made up of very big spenders indeed so surely the Euro should be in ascendancy hasnt quite happened just as yet what weve seen is the Euro when it was launched was launched as a currency that represented a very disparate range of countries with very different fortunes and that meant because you had to have one interest rate to represent all those countries what you saw was their economies doing wildly different things you had an interest rate that was set to suit the economies largely of the largest countries like Germany in France so whereas you needed relatively low interest rates because he had problems of German unemployment that meant there was property boom in Dubli
