Christine Lagarde says Trump’s chaos gives Europe a perfect opportunity to reduce the US dollar to the throne

Christine Lagarde, the President of the European Central Bank, said on Monday that the ongoing chaos, led by President Donald Trump in Berlin, Washington, gave Europe a “primary opportunity to push the euro to the spotlight and start to get power from the US dollar.

“This is the most important opportunity for Europe to control its own destiny more, Christ said Christine said to the audience,“ This is not a privilege to be given to us. We must win. ”

According to Bloomberg, Trump’s unpredictable economic behavior created a perfect opening to raise as a global currency for Europe.

Christine said that if the EU governments finally solve long -standing problems that prevent the economic potential of the block, they could be rewarded by protecting better access to financing, less exposure to wild money release and external sanctions.

The message was simple: stop dragging your feet or miss your chances. The authority pointed out that the Euro has already gained a place in a period of uncertainty when we need to see that the dollar normally appreciates significantly.

Lagarde says Trump has taken investors away from the dollar

Warning signs everywhere. In the 1970s, Christine remembered how Richard Nixon turned the dollar into a moment that could damage the global domination of the dollar if it were an appropriate alternative. Now, he says he has one in 2025: Euro.

“Today, there is euro – another international currency next to the dollar,” Christine in question. And this time financial markets are already reacting. Considering the current turmoil in the US policy and the stable deterioration in the Investor Foundation, he described the power of the Euro as “irrational” but completely logical.

If the euro is going to step into a more dominant role, he has demonstrated in three circumstances that Christine should be gathered in Europe. Firstly, he called for a “solid and reliable geopolitical foundation” by defending open trade and pairing with strong security commitments.

Secondly, he repeated his long -standing edition for economic reform within the EU: building the single market, regulating regulations, supporting initiatives and completing the unity of savings and investment in the limb for years.

Finally, he insisted on more common European financing, especially for defense. “Economic logic tells us that public goods should be financed jointly,” he said. If this, investors will have a larger safe asset pool where you can choose from – a requirement for any serious reserve currency.

ECB officials say that the Euro should be supported by real integration.

Christine is not the only one to force it in ECB. Luis de Guindos, Vice President of the Bank, said the euro may be a rival to the dollar if Europe increases integration.

Isabel Schnabel, a member of another executive board member, said that Europe now has a historical opportunity to further strengthen the international role of the Euro ”. Both officials reiterated Christine’s demand for a much larger European bond market to support the reserve role of the Euro.

In his speech and a follow-up interview on Saturday, Christine said that he showed a more stable option, from attacks on the independence of the USA-Federal Reserve in the United States-to increasing questions around the country’s legal system and trade policies.

Christine, “the rule of law, the judicial system and trade rules, uncertainty permanent and renewed every day in the United States, Europe is rightly perceived as a stable economic and political space,” he said.

He also pointed out new developments such as digital euros and the single capital market and said that it was ça a stronger place than anything I have seen in six years ”. Christine has made it clear that if the EU wants to be taken seriously on the world stage, a real harmony of control, just as the EU did in the banking regulation, has made it necessary.

Christine ended her interpretation with a direct shot in Trump’s attacks over and over again. “The independence of the Central Bank is the basis for monetary and financial hygiene in a country or country group,” he said. “In every case when a central bank found itself under the thumb of a financial authority, it is not over well.”

Your crypto news deserves attention – Key different wire Puts you on the best site more than 250