Has Europe made itself more robust in the wake of the multiple financial collapses stemming from the US? Sincere question. I know china has taken measures.
I think there’s some things in place but there’s still a lot of reliance on American systems which is a bit risky. If Trump decides to start tariffing anything to do with Visa or Mastercard shit would hit the fan real quick.
On the other hand that is just money, at least there is no real vendor-lock-in there yet, though I am sort of surprised the concept of different currencies per payment company hasn’t occurred to them yet outside of gaming.
Their banking sector at least went through reforms following the 2008 crisis. They are required to be less risky in certain ways than they were pre-GFC and have gone through a bunch of stress testing over the years.
Has Europe made itself more robust in the wake of the multiple financial collapses stemming from the US? Sincere question. I know china has taken measures.
I think there’s some things in place but there’s still a lot of reliance on American systems which is a bit risky. If Trump decides to start tariffing anything to do with Visa or Mastercard shit would hit the fan real quick.
On the other hand that is just money, at least there is no real vendor-lock-in there yet, though I am sort of surprised the concept of different currencies per payment company hasn’t occurred to them yet outside of gaming.
Not really, there are so many alternatives it would only hurt visa and MasterCard
They did gor like a week here in he UK. We’re rolling back the rules since 2008 already
Their banking sector at least went through reforms following the 2008 crisis. They are required to be less risky in certain ways than they were pre-GFC and have gone through a bunch of stress testing over the years.