European Central Bank President: Euro Has the Opportunity to Replace the US Dollar

[European Central Bank President: Euro Has the Opportunity to Replace the US Dollar]

On May 26th, European Central Bank President Christine Lagarde stated at a forum in Berlin that the international monetary system centered on the US dollar is facing uncertainty, and the dominant position of the US dollar is waning.

She pointed out that if governments could strengthen the financial and security architecture of the eurozone, the euro could become a viable alternative to the US dollar, bringing significant benefits to the EU.

Lagarde said, "The current upheaval creates an opportunity for the 'global euro moment.' The influence of the euro will not be obtained automatically; it must be earned through continuous efforts."

Original article: https://www.toutiao.com/article/1833244073290115/

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