Everyone's eyes have been on the dollar, but recent SWIFT transaction data reveals a jarring trend for the Eurozone. The plummet in euro transaction volumes is hinting at an ongoing capital flight, leaving one to wonder: Is this an orchestrated distraction?
Now more than ever, the Eurozone requires swift reforms—embracing free-market capitalism, trimming taxes, and reducing the stifling bureaucracy
https://image.nostr.build/31bf00642843bf9453667a4f5f189f37f02ed5d5e83cb35fe7523c56b8a20e66.jpg
For their solution you can read increased bureaucratic meddling and increased taxes… but all for your benefit…
True
SWIFT is a dead network.
For international money settlement? SWIFT is not used that much within Europe relative to the IBAN system.
Within the Eurozone You're right.
And the Euro a dead currency, one could say.
Doesn’t matter what we think - we are outside the hospital ward. Someone need to tell the Drs to pull the plug….
Yes, but it's still the standard.
is it by transaction value or by transaction count? is it just EUR/USD getting crushed?
Transaction volume. Euro loses in comparison to others toi
sorry. i should have just looked before asking. its by value, it says in fine print under chart title.
given that, I think big part of that dip is euro getting crushed by the usd. that's why corresponding rise in usd
"I want to believe..." that it's bitcoin