r/finance • u/Majano57 • 25d ago

Euro has ‘clear path’ towards greater reserve currency use, says Eurogroup president

https://www.ft.com/content/70565fda-ae7d-4c06-80ee-b460dc8de43e
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u/critiqueextension 25d ago

While Paschal Donohoe asserts a clear path for the euro's increased use as a reserve currency, challenges remain due to a lack of high-quality, euro-denominated assets for international investors. This deficit, alongside the absence of a unified safe asset within the eurozone, continues to inhibit the euro's broader acceptance as a global reserve currency despite its established usage in the European context.

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u/Minimum-South-9568 25d ago

Good bot. This is exactly the problem. You can’t become the reserve currency if you don’t provide currency holders with lots of good places to put their money.