Finance Chiefs Push to Expand Euro’s Global Role

As the US dollar weakens amid geopolitical upheaval, Euro-area finance ministers are pushing to expand the role of the single currency. They met in Brussels today and on their agenda was promotion of the currency’s issuance and use in transactions.

Given the global context, it’s become “existential for us to safeguard the international role of the euro as it is quite pertinent for the EU’s monetary sovereignty,” said Greek Finance Minister Kyriakos Pierrakakis, who chaired the meeting.