Time was,
not so long ago, when the decline of the dollar was seen as the end
of "US hegemony," and the re-ascent of Europe, as if there ever had
been, or is, an unified entity called "Europe." The dollar's
depreciation was supposed to be an indication of Europe's, as if there ever
was single economic unit called "Europe," emerging rivalry, more than
rivalry, superiority, to the US's capitalism.
