Is the COVID-19 crisis an opportunity to boost the euro as a global currency? Bruegel Policy Contribution Issue n 11 | June 2020.
Journal: Archive of European Integration (AEI) (University of Pittsburgh)
Year: 2020

The euro became an international currency when it was created two decades ago. However, the euro's internationalisation peaked as early as 2005 and it was never comparable to the US dollar. Its international status declined with the euro crisis. Faced with a US administration willing to use its hegemonic currency to extend its domestic policies beyond its borders, Europe is reflecting on how to promote actively the internationalisation of the euro, to help ensure its autonomy. But promoting a mo