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Euro could become the dollar's alternative, Lagarde says (www.reuters.com)

submitted 1 year ago by Domino@lemmings.world to c/world@quokk.au

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The euro could become a viable alternative to the dollar, earning the 20-nation bloc immense benefits, if governments could only strengthen the bloc's financial and security architecture, ECB President Christine Lagarde said on Monday.

Unnerved by erratic U.S. economic policy, global investors have been reducing their exposure to dollar assets in recent months but many have opted for gold instead, not seeing a direct alternative.

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[–] 96er4lyf3@lemy.lol 6 points 1 year ago (1 children)

I can't see China or India exactly jumping on board. Surely we would be looking at a muiltidollar world order?

[–] Quill7513@slrpnk.net 5 points 1 year ago

as with every historic era, this one as always can be referred to as a money fight