Something interesting to ponder is that dedollarisation can be a bigger threat to Europe than to United States. As the dedollarisation grows, all these printed dollars in global circulation would have to go back to their origin (USA) but that would cause hyper ultra inflation in United States. However, there's is this law that would be enforced to prevent those dollars from coming back to keep the US inflation "exported". In a world where Europe is left dollarised, EU will have to bear that inflation.
I did not thought about it and your post enlightens me, thanks.
JP. Morgan just published their article on it and I am reading it too.
De-dollarization: Is the US dollar losing its dominance?.
This is exactly why a lot of politicians in Europe have been warning about staying "close" to US as the sinking ship. Macron is only one of them.
This reminds of a quote assigned to Henry Kissinger: "To be an enemy of America can be dangerous, but to be a friend is fatal."
Macron is smart and he wants to build his nation, France, as a new leader of NATO and want to escape from the USA. impact. His vision must be continued with future Presidents of France that is unrealistic. In Western nations, politics can change quickly and national strategies can be changed a lot by different Presidents and their presidencies.
Henry Kissinger still is an important politician even he
turns 100. He was very warmly welcomed by China months ago while current US. Secretary of State, Antony J. Blinken, was not received similar warm welcome.