Europe’s Finance Chiefs Push Bigger Global Role for Euro

Euro-area finance chiefs are pushing to expand the single currency’s global role, as US President Donald Trump roils markets and the US dollar weakens.

“In light of recent geopolitical events in our current geopolitical context, there are risks that the international financial and monetary system is being used as a political tool,” said Greek Finance Minister Kyriakos Pierrakakis, who chairs the meetings of his euro-area peers. “It is thus existential for us to safeguard the international role of the euro as it is quite pertinent for the EU’s monetary sovereignty.”