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Multipolarity and the role of the euro in the International Financial System

· François Villeroy de Galhau, Governor of the Banque de France (France)

Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics

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· François Villeroy de Galhau Wiki · Banque de France WikiMultipolarity and the role of the euro in the International Financial System

ContextWelcome remarks by François Villeroy de Galhau, Governor of the Bank of France, at the Emerging Market Forum, Paris, 16 May 2022.

Why it mattersVilleroy discusses the euro's role in a multipolar world.

Problems raised
  1. Global value chains are disrupted.
  2. Re-shoring could shrink trade.
  3. Sanctions reshape the financial system.
Solutions proposed
  1. Keep aiming for a cooperative multilateral system.
  2. Develop the international role of the euro.
  3. Adapt to a multipolar world.
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