International role of the Euro
Geopolitical spheres of influence are shifting in the light of technological advancements, the US’ role in the world, growth in green investments, and the global Covid-19 response. As a result, the role of international currencies is becoming increasingly relevant.
Sylvie Goulard, deputy governor of the Banque de France, and Mark Sobel, US Chairman of OMFIF and former US Treasury under-secretary for international affairs, discuss the role of the euro. They assess whether it is likely to become a global currency, the structural adjustments needed, and what this might mean for Europe and the world.