Eurozone Must Boost International Role Of Euro, Says Ex-IMF Chief Lagarde

Europe must press ahead with unifying its capital and banking markets to boost the international role of the euro, ECB president Christine Lagarde said Tuesday.

Writing in the European Central Bank’s annual report on the international role of the euro, Lagarde said means of payment were becoming more varied amid rising geopolitical tensions and innovations such as stablecoins, threatening to…