ECB’s Lagarde says euro could be viable alternative to US dollar | International Trade

ECB President Christine Lagarde argues the US economic policy shifts have created inroads for the euro to the standard currency for future global trade.

Christine Lagarde, President of the European Central Bank, stated that the euro could emerge as a viable alternative to the US dollar due to recent US economic policy shifts that have unsettled global investors. She emphasized the need for Europe to enhance its military strength and deepen capital markets to support the euro’s global role, which has stagnated for years. Reforming Europe’s economy and fostering joint financing could attract investment and mitigate vulnerabilities against exchange rate fluctuations and sanctions.