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ECB President: Improving Economy Needed to Boost Euro's Global Position

Summary: In a recent statement, European Central Bank President Lagarde emphasized the need for the EU's economic system to enhance efficiency and productivity in order for the Euro to compete on par with the US Dollar as a major global currency. Lagarde stated, 'Political leaders and policymakers need to get involved to make our economy more ...

In a recent statement, European Central Bank President Lagarde emphasized the need for the EU's economic system to enhance efficiency and productivity in order for the Euro to compete on par with the US Dollar as a major global currency. Lagarde stated, 'Political leaders and policymakers need to get involved to make our economy more productive and efficient, so that the Euro can become a major global currency.'

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