"Some countries that are close to Europe that already hold Deutschemarks, clearly would automatically hold euros, those are countries in Eastern Europe mainly, a few countries in Africa"
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There is a particular kind of late-20th-century technocratic confidence baked into this line: the breezy assumption that money moves by inertia, that a currency can be swapped like a logo on a letterhead. By treating the euro as an “automatic” successor to the Deutschemark for neighboring countries, Solomon’s phrasing flattens politics into logistics. “Clearly” does a lot of coercive work here; it preempts debate by posing a contested geopolitical bet as common sense.
The subtext is a map drawn in economic habits rather than borders. Countries “close to Europe” become satellites of European monetary gravity, positioned not as sovereign actors choosing alliances but as holders of German cash who will predictably, almost obediently, “hold euros.” It’s a subtle echo of German centrality in the EU project: the Deutschemark as the de facto anchor, the euro as its institutionalized afterlife.
Then there’s the revealing aside: “a few countries in Africa.” It gestures toward colonial and postcolonial entanglements without naming them. Africa appears as an add-on category, a residual zone of European monetary influence, mentioned casually, almost offhand, as if the historical reasons for that influence are too obvious to require scrutiny.
Context matters: the euro’s launch was sold as inevitability, a rational modernization. This sentence inhabits that sales pitch. Its intent isn’t to argue but to normalize, to make monetary unification feel like the natural next step for anyone already orbiting German currency. That’s precisely why it works - and why it should make a reader uneasy.
The subtext is a map drawn in economic habits rather than borders. Countries “close to Europe” become satellites of European monetary gravity, positioned not as sovereign actors choosing alliances but as holders of German cash who will predictably, almost obediently, “hold euros.” It’s a subtle echo of German centrality in the EU project: the Deutschemark as the de facto anchor, the euro as its institutionalized afterlife.
Then there’s the revealing aside: “a few countries in Africa.” It gestures toward colonial and postcolonial entanglements without naming them. Africa appears as an add-on category, a residual zone of European monetary influence, mentioned casually, almost offhand, as if the historical reasons for that influence are too obvious to require scrutiny.
Context matters: the euro’s launch was sold as inevitability, a rational modernization. This sentence inhabits that sales pitch. Its intent isn’t to argue but to normalize, to make monetary unification feel like the natural next step for anyone already orbiting German currency. That’s precisely why it works - and why it should make a reader uneasy.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
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