ECB’s Lagarde says euro could be viable alternative to US dollar
- On May 26, 2025, ECB President Christine Lagarde spoke in Berlin about the euro's potential as a global reserve currency alternative to the US dollar.
- Lagarde attributed this to the fracturing global economic order caused by rising trade tensions and challenges to US dollar dominance under President Trump’s tariffs.
- She outlined that Europe needs stronger legal foundations, a deeper capital market, and enhanced security capabilities to boost the euro's international role.
- Lagarde emphasized that the dollar continues to represent 58% of international reserves compared to the euro's 20%, and noted that this status is something that must be actively maintained rather than expected to continue automatically.
- If Europe succeeds in reforms and joint financing, the euro could lower borrowing costs, increase investor confidence, and allow more control over its economic destiny.
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Erratic swings in US policy ‘create the opening for a global euro’, says ECB’s Christine Lagarde
US president Donald Trump’s erratic policies offer a “prime opportunity” to strengthen the euro’s international role and allow the currency bloc to enjoy more of the privileges so far reserved for the US, European Central Bank (ECB) president Christine Lagarde said.
·Ireland
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Total News Sources83
Leaning Left8Leaning Right10Center10Last UpdatedBias Distribution36% Center, 36% Right
Bias Distribution
- 36% of the sources are Center, 36% of the sources lean Right
36% Right
L 29%
C 36%
R 36%
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