RUSSIA'S MOVE TOWARDS THE EUROPEAN UNION FOR USE OF THE EURO AS ITS RESERVE CURRENCY HAS SPREAD WORRIES AMONG INVESTORS AND FINANCIALMARKETS EXPERTS.

Despite the European Union current effort for the required economic, financial and currency stability in all the European Union member countries that may be referred to as successful in certain member countries such as Germany, France with some Northern European countries, Russia's move towards the European Union by contracts for use of the European currency, the euro as its reserve currency has spread worries among the financial markets Investors as it has been criticized by some since the USA dollar has ever been the authorized world's reserve currency and not the Euro, or the Chinese yuan that have been on the process for the competition as the next possible replacement to the US dollar, if their economies continue to improve as in the present and with neither minimal debt, nor accumulating budget deficit and frequent financial with economic downtrend.