IMF Recognizes the Potential of the Euro in the Global Cryptocurrency Era
International Monetary Fund Managing Director Kristalina Georgieva has stressed the desire to promote the euro to play a larger role in the global financial system, especially as a foreign exchange reserve and a tool to strengthen European economic resilience.
At the Luxembourg meeting, Kristalina presented a strategy to strengthen the competitiveness of the single market, to enable the euro to expand its global footprint. The world today is in complete chaos, from trade wars and sanctions to technological wars and breakthroughs.
Despite the challenges, Ms Georgieva believes that the euro can become a leader, if only Europe dares to promote its internal revolution. The potential of this currency lies in providing safe, high-quality assets, which are currently limited by regulatory barriers and inactive financial mechanisms.
IMF outlook for the euro
This view is in line with the policies of European Central Bank leader Christine Lagarde, who has insisted that Europe needs to make the most of its advantages, from expanding the single market to pushing national reforms.
Ms Georgieva affirmed that a vibrant European economy, deeply integrated and diversified in the field of equity investment, and access to innovative businesses will be factors attracting large capital flows into the euro.
Additionally, cross-industry projects such as energy system integration and increased defense spending will facilitate the development of euro-based crypto assets, helping to strengthen the currency’s position in the global market.
Kristalina Georgieva's strategy for Europe
In her speech to the Eurogroup, Ms Georgieva proposed a series of clear objectives to kick-start internal development. First, remove internal barriers and deepen the single market. Next, accelerate appropriate national reforms, and finally, use the EU budget as a strategic tool to manage and synchronise public projects.
The key to success lies in clearly communicating changes to the community and maintaining steady technical pressure. Managers need to act as coaches, getting everyone on the team on the same page.
Ms Georgieva stressed that this is a decisive moment, requiring Europe to unleash its entrepreneurial energy and drive economic growth based on clear strategic priorities. At the same time, the expansion of the single market is more necessary than ever, to turn potential into action and profitable reality.
Source: https://tintucbitcoin.com/imf-nhan-manh-vai-tro-euro-trong-tien-dien-tu/
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