From an international perspective the EU economy is much more fiscally balanced than the US. The EU does more trade with OPEC than the US and would certainly welcome a monopoly petroeuro exchange system. This would have the same effect as subsidizing the EU economy and the ECB is already creating monetary debt instruments (Euro bonds) to absorb the coming influx of petroeuros. The EU is now the largest economy in the world (not the US) and China’s largest trading partner is the EU (not the US). When America’s financial house of cards collapse the UK may have little choice but to finally join the Eurozone for survival. European economist Dr. Krassimir Petrov keenly observed that “the British most likely did not adopt the euro [in1999] namely because the Americans must have pressured them not to otherwise the London IPE would have had to switch to euros, thus mortally wounding the dollar and their strategic partner.”[40] The petroeuro challenge