The President of the European Central Bank Kristin Lagarde stated that the instability of the US economic policy opens a way for the euro as a new standard of the world's trade. In his speech in Berlin, he noted that investors prefer safe partners such as Europe, which can provide military assistance.
Lagarde stressed that it is necessary to deepen the capital markets to strengthen the department of the euro, provide legal grounds and create safer assets that can attract investors. He added that the new trade agreements, effective payment systems and ECB support, liquidity in liquidity, are important to develop the world's world role. Al-Jazeera reports.
However, Lagarde noted that the capital markets of the eurozone are still break Fragmented, and the lack of a common financial policy hinders the advance of the euro. If Europe can overcome these problems, the euro can become a reliable currency to help maintain the European economy from currency fluctuations and international sanctions.
