Lagarde is making a really strong case for the incoming Capital Markets Union during a high-level meeting today with stakeholders. The Capital Markets Union is now due for the end of the year after long delays. Accelerated by the “E6”, the 6 largest EU economies, Lagarde is arguing that it’s exactly what is needed to finally level up the Euro as a true global reserve currency. And deeper integration in other domains could even put Europe in a position to challenge the dollar eventually she argues. Honestly she presents a pretty exciting vision for a more integrated, financially capable Europe. Definitely feels like a massive, necessary step forward for the EU’s future.
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Does anybody actually want the Euro to be the global reserve currency? I wasn’t aware that was the policy of anybody, and it’s not like it’s America’s policy that we want the dollar to be the global reserve currency – we actively gripe about the side effects. China doesn’t want the yuan to be the global reserve currency either.
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Lagarde is making a really strong case for the incoming Capital Markets Union during a high-level meeting today with stakeholders. The Capital Markets Union is now due for the end of the year after long delays. Accelerated by the “E6”, the 6 largest EU economies, Lagarde is arguing that it’s exactly what is needed to finally level up the Euro as a true global reserve currency. And deeper integration in other domains could even put Europe in a position to challenge the dollar eventually she argues. Honestly she presents a pretty exciting vision for a more integrated, financially capable Europe. Definitely feels like a massive, necessary step forward for the EU’s future.
Does anybody actually want the Euro to be the global reserve currency? I wasn’t aware that was the policy of anybody, and it’s not like it’s America’s policy that we want the dollar to be the global reserve currency – we actively gripe about the side effects. China doesn’t want the yuan to be the global reserve currency either.