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Christine Lagarde: security alliances can increase a currency’s share in reserves by 'up to 30 percentage points' (Photo: Council of the EU)

Military power ‘precondition’ for euro’s global rise, Lagarde says

Boosting the euro’s global role will require Europe to commit not just to trade, but also to military power, European Central Bank president Christine Lagarde has told an event in Berlin. 

“Trade and military power are important to establish the demand for an international currency,” Lagarde told the

Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Christine Lagarde: security alliances can increase a currency’s share in reserves by 'up to 30 percentage points' (Photo: Council of the EU)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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