this post was submitted on 07 Apr 2025
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[–] [email protected] 10 points 6 days ago (3 children)

Has Europe made itself more robust in the wake of the multiple financial collapses stemming from the US? Sincere question. I know china has taken measures.

[–] [email protected] 13 points 6 days ago (2 children)

I think there's some things in place but there's still a lot of reliance on American systems which is a bit risky. If Trump decides to start tariffing anything to do with Visa or Mastercard shit would hit the fan real quick.

[–] [email protected] 2 points 5 days ago

Not really, there are so many alternatives it would only hurt visa and MasterCard

[–] [email protected] 2 points 6 days ago

On the other hand that is just money, at least there is no real vendor-lock-in there yet, though I am sort of surprised the concept of different currencies per payment company hasn't occurred to them yet outside of gaming.

[–] [email protected] 5 points 6 days ago

Their banking sector at least went through reforms following the 2008 crisis. They are required to be less risky in certain ways than they were pre-GFC and have gone through a bunch of stress testing over the years.

[–] [email protected] 5 points 6 days ago

They did gor like a week here in he UK. We're rolling back the rules since 2008 already