Economics
Le Maire Says Euro Should Rival Dollar, Yuan in Global Finance
The euro sign sculpture near the former ECB headquarters in Frankfurt.
Photographer: Alex Kraus/Bloomberg
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France and Germany need to combine forces to bolster the role of the euro in international finance to rival the U.S. and Chinese currencies, according to French Finance Minister Bruno Le Maire.
“Our sovereignty depends on our capacity to turn the euro into a reference currency, and I believe it’s possible,” Le Maire said on Saturday at a conference in Aix-en-Provence, southern France. He was speaking on a panel alongside Annegret Kramp-Karrenbauer, head of German Chancellor Angela Merkel’s Christian Democratic Union party.