Lagarde urges capital markets union to bolster euro global status
European Central Bank president Christine Lagarde has called for a capital markets union to strengthen the euro’s global standing amid growing geopolitical instability.
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Speaking at a panel in Brussels, European Central Bank president Christine Lagarde stated that the European Union must take control of its own monetary interests. According to Euronews, she emphasised that completing the capital markets union is an imperative step to establishing the euro as a viable global reserve currency.
Lagarde noted that the shift is essential given the current increasingly unstable geopolitical landscape. Her comments underscore a growing push for greater financial autonomy within the bloc to ensure the stability and influence of the euro on the international stage.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews