Euro’s role is “far from guaranteed”, and Eurozone “has to win it”, says bank leader Christine Lagard.
Euro has the opportunity to be an alternative to the dollar if the state of the eurozone strengthens financial and safe architecture. It was said by the leader of the European Central Bank Christine Lagard during an open lecture in the middle of Jacques Delora in Berlin on Monday, May 26.
According to him, the current US economic policy provides an inconsistencies to global markets and drops the role of dollars as the main reserve currency.
“Today, the euro is the second currency in the world, which costs about 20% of foreign currency reserves, compared to 58% in the US dollar case. Increasing the global euro role can have positive consequences for Eurozone,” he said.
Lagarda warned that the strengthening of the euro’s “far from guaranteed”, and the eurozone states “had to be conquered.”
Among the steps that can contribute to this goal: a larger liquid capital market, strengthening legal foundations and promises to open the trade. Any strengthening of the Euro’s role should be accompanied
“This is due to the fact that investors, especially officials, are also looking for geopolitical guarantees in other forms: they are investing in regions of reliable security partners in the field of security and can support alliances with the help of hard power,” he said.
Eurozone now has 20 states, Croatia joins the last one.
Remember that in April we wrote that the US dollar continued to get cheaper -related to Euro, Pounds Sterling and Yen at the auction on Tuesday, April 22. Pressure in American currency was to fertilize the country’s economic destruction as a result of a trade war released by the White House.
Trump Trading Wars: The dollar is the first victim
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.