As soon as the crisis in the U.S. from a mythical became real, the EU started to implement one of the most complex and ambitious plans in the history of the world economy - the replacement of the falling dollar with the euro. Tool for achieving the goal was to increase the refinancing rate on the background of general decrease it. It was assumed that the euro will replace the dollar not only as a currency for international trade, but also as a single equivalent value. The plan was so strong that the activity of Europe managed to break a fall, and only in connection with the fact that the crisis was to wear a global nature and the whole economy, and the European Union “got” a little less than the U.S.. As a result, Europe has abandoned its plans for the capture of world supremacy and reduced the discount rate refinancing November 15, 2008.
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