The Governor of the Banque de France, François Villeroy de Galhau, told a conference in Paris on 4 June that increasing the global use of the euro would bolster “European financial sovereignty”.
Villeroy de Galhau, who is a frontrunner to succeed Mario Draghi as the head of the European Central Bank in October. argued that since the 2008 financial crisis and the 2012 Eurozone crisis. the international use of the euro as a major reserve currency has sharply declined.
More than 60% of global off...
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