Economics

Lagarde Says Euro Gives Greater Sovereignty in a Turbulent World

  • ECB chief, European leaders mark currency’s 25th anniversary
  • Predictions of the euro’s demise have proven to be wrong

Christine Lagarde

Photographer: Alex Kraus/Bloomberg
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The euro helps Europe stay self-determined globally, European Central Bank President Christine Lagarde said in an op-ed marking the currency’s upcoming 25th anniversary.

“Issuing the world’s second most important currency has given us greater sovereignty in a turbulent world,” Lagarde wrote in the joint article with Ursula von der Leyen, Charles Michel, Roberta Metsola and Paschal Donohoe — presidents of the European Commission, Council, Parliament and Eurogroup, respectively.