The warning was direct, blunt and left no room for doubt. “We expect all ICC actions against the United States and our ally Israel – that is, all investigations and all arrest warrants – to be terminated,” said Reed Rubinstein, legal adviser at the US State Department, before delegates of the 125 member states of the International Criminal Court (ICC) on Tuesday, July 8, at a meeting at United Nations headquarters in New York from July 7 to 9.
If the ICC arrest warrants for crimes against humanity and war crimes issued against Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant on November 21, 2024, as well as ongoing investigations into crimes committed in the Gaza Strip and the settlement of Palestinian territory, are not dropped, “all options remain on the table,” he declared.
EUR is honestly a better reserve currency, more stable already.
About divesting from dollars - I dunno how hard this is. Probably would be better for the US to provoke it to signal that time is nigh. Because otherwise this can only happen very slowly.
Couple of issues here - first, for the Euro to be used as a reserve currency, the EU would have to be a net importer of goods (and exporter of Euros). But EU policy is based on avoiding deficits. Second, for the Euro to be taken seriously by other countries, there should be something manufactured by the EU, that can, at least in theory, be bought with it. But the EU’s manufacturing sector, particularly in Germany, is collapsing.