‘Opportunity’ to reinforce the euroare Donald Trump’s policies, according to ECB President’s statements, Christine Lagardeas he said that the eurozone would be able to enjoy more of the privileges that have been reserved in the US to date.
If national governments can resolve issues that have long held the European Union’s financial potential, they could be rewarded at lower borrowing costs, as well as protection against foreign exchange fluctuations and sanctions, Lagarde said in a speech in Berlin. “The ongoing changes create the opening for a global euro moment,” he said. “This is a first -class opportunity for Europe to take more control of its fate. But this is not a privilege that will simply be given to us. We have to win it. “
Comments show how policymakers in the region seek to turn Trump’s attacks on world trade and US institutions to their advantage, according to Bloomberg. Such ambitions have been encouraged by investors who have sold the dollar due to tariff chaos. This reinforces the euro, in a move that Lagarde has previously called “unattractive” but justified.
In today’s speech (26.5.2025), Lagarde recalled previous US actions that could challenge the role of the dollar as the top reserve currency, such as the suspension of gold convertibility by Richard Nixon in the 1970s. Lagarde.
In its latest report on the issue, the ECB noted that the international role of the euro remained “generally stable” in 2023. Lagarde underlined three areas critical to strengthen its world position.