From Yahoo Finance: 2025-05-26 10:18:00

European Central Bank President Christine Lagarde sees President Trump’s erratic policies as an opportunity for the euro to strengthen globally. Lagarde emphasized the need for EU countries to address economic issues to enjoy lower borrowing costs and protection from currency fluctuations. She urged Europe to take control of its destiny and earn its place on the global stage.

Lagarde highlighted the importance of maintaining open trade, completing the single market, and joint financing for defense as critical steps to enhance the euro’s international role. Progress in these areas could lead to a deeper pool of securities, boosting investor confidence in the euro. Bundesbank President Joachim Nagel echoed Lagarde’s sentiments, calling for closer cooperation and greater resilience in Europe.

Read more: Lagarde Doubles Down on Push to Raise Euro’s Global Profile