European Central Bank President Christine Lagarde just dropped some wisdom at the Hertie School in Berlin, urging Europe to step up its game in the global currency scene. 🚀 According to her, the U.S. dollar’s dominance is starting to wobble, and now’s the time for the euro to shine brighter.
Lagarde explained that boosting the euro's international role could mean lower borrowing costs for governments and businesses, stronger internal demand, and overall more economic resilience. Imagine if Europe could control its own destiny—sounds like a win-win, right? 😎
She outlined a plan based on three key pillars: maintaining a steadfast commitment to open trade with credible security, strengthening the economic foundation to attract global capital, and defending the rule of law. These measures could pave the way for what she calls a "global euro moment."
With the U.S. dollar's share of global foreign exchange reserves dropping to its lowest level since 1994, Lagarde's call is a vibrant reminder that shifts in the international monetary scene are well underway.
Reference(s):
ECB chief calls for stronger role of euro, points to dollar decline
cgtn.com
