Back to today’s briefing

Story perspectives

European Leaders Push for Euro as Global Reserve

3/29/2025

50 9

Summary

Story summary

European leaders are rallying to elevate the euro as a formidable global reserve currency, driven by worries over Donald Trump's economic strategies. French President Macron and ECB chief Lagarde are strategizing to boost the euro's appeal, yet they face hurdles like divided debt markets and the dollar's overwhelming 60% share of global reserves, overshadowing the euro's 20%.

1 of 1

Story summary

European leaders are rallying to elevate the euro as a formidable global reserve currency, driven by worries over Donald Trump's economic strategies. French President Macron and ECB chief Lagarde are strategizing to boost the euro's appeal, yet they face hurdles like divided debt markets and the dollar's overwhelming 60% share of global reserves, overshadowing the euro's 20%.