Could the Euro become a true global currency?

Feb 7, 2019

Fireworks illuminate the sky around a huge euro sculpture, designed by German artist Ottmar Hoerl, in front of the headquarters of the European Central Bank (ECB) in Frankfurt, January 1, 2002. Several thousand people in Frankfurt celebrated at a party on the streets around the ECB to welcome Europe's new currency, the euro. UNICS REUTERS/Kai Pfaffenbach REUTERS KP - RP3DRIFSZXAA

The architects of the euro hoped it would become a secondary global reserve currency behind the US dollar. Image: REUTERS/Kai Pfaffenbach

Daniel Gros

Director, Centre for European Policy Studies (CEPS)

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