Is the COVID-19 crisis an opportunity to boost the euro as a global currency?

Grégory Claeys, Guntram B. Wolf.

The euro never challenged the US dollar, and its international status declined with the euro crisis. Faced with a US administration willing to use its hegemonic currency to extend its domestic policies beyond its borders, Europe is reflecting on how to promote it currency on the global stage to ensure its autonomy. But promoting a more prominent role for the euro is difficult and involves far-reaching changes to the fabric of the monetary union.

Πηγή: Bruegel

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