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The American position depends not only on relations with Russia, China and the Brics countries, but on fixing its own economic and political problems
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Scooped by Graham Watson |
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Barry Eichengreen wonders whether the dollar's position as the global reserve currency is under threat, both from China but also the BRICs. He argues that it probably isn't yet, but unless it acts to resolves its own political and economic problems, not least the ongoing, annual issues with the US debt ceiling.