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The euro as a complementary asset in a more multilateral system

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

Summary written by Dark Majestic in its own words · topics: inflation and price stability, banking regulation and supervision

FV
· François Villeroy de Galhau Wiki · Banque de France WikiThe euro as a complementary asset in a more multilateral system

ContextSpeech in Paris at a conference on the euro's international role and capital markets union; the Banque de France keeps prices stable and supports a stronger euro.

Why it mattersVilleroy argues for a stronger euro in a more multipolar monetary system.

Problems raised
  1. Inflation is still too high in the euro area.
  2. Forces push for more diversification in the international monetary system.
  3. The dollar dominates global finance.
Solutions proposed
  1. Deliver the inflation target within two years.
  2. Strengthen the euro's international role.
  3. Complete capital markets and banking union.
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