Earning influence: lessons from the history of international currencies
· Christine Lagarde, President of the European Central Bank (Euro area (EU))
Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics
CL · Christine Lagarde Wiki · European Central Bank WikiEarning influence: lessons from the history of international currenciesContextSpeech by Christine Lagarde on Europe's role in a fragmented world at the Jacques Delors Centre of the Hertie School in Berlin.
Why it mattersLagarde argues that predictable policy and the rule of law could give the euro a bigger global role as trust in the US-led order shifts.
Problems raised- The US-led global order is shifting.
- Investors seek geopolitical assurance.
- Pressure grows to breach the rule of law.
Solutions proposed- Turn predictable policy and rule of law into an advantage.
- Strengthen the euro's international role.
- Be a reliable security partner.
Read full speech on ecb.europa.eu ↗More from Christine Lagarde · European Central Bank · all speeches
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