Question

International role of Euro

09 Feb 2021
Answer :
Word Count : 687

The euro is the currency of 19 EU countries, over 340 million EU citizens and the second most important currency in the world. The euro was launched on 1 January 1999 and is already EUROat20. Want to know more: The history of the euro and the European Central bank

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An increased international role for the euro is a tool to strengthen Europe’s influence in the world. It will allow the European Union to better protect its citizens and businesses, uphold its values and promote its interests in shaping global affairs according to rule-based multilateralism. It will improve the resilience of the international financial system, providing market operators across the globe with additional choice and making the international economy less vulnerable to shocks linked to the strong reliance of many sectors on a single currency. The euro should continue to facilitate and expand Europe's responsible trade agenda, allowing for European companies to trade all over the world to the benefit of Europe's economy without disruptions, while at the ___ __________ _____ ______ ______ ____ ________ __________ ______ ____ ______ ____.
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