European central officials see an opportunity to improve the world role of the euro

Isabelle Shenabel, a member of the European Central Bank’s executive council, believes that the time is right now to improve the worldwide role of the euro, as investors to Europe are prone to. In her speech to a discussion relief at the thirty -first Dubrovnik conference on Saturday, she said that there was an ‘opportunity’ to strengthen the international role of the euro. Earlier at the same conference, she indicated that there were indications that investors’ focus on the continent would diversify their investment portfolios, describing it as a “positive impact on trust”. The exploitation of Trump’s policy. These statements reinforce the remarks of policymakers, including European central bank president Christine Lagarde, and show how officials are trying to use President Donald Trump’s attacks on global trade and US institutions in their favor. Investors have dropped their positions in the US dollar since the beginning of this year, with a decline in its value against all other major currencies that Bloomberg follows. At the end of May, Lagarde said that Trump’s volatile policy offers a ‘perfect opportunity’ to improve the role of the euro, and allow the United Currency area to enjoy more privileges that have so far been exclusive to the US dollar. She added that these changes’ create an opportunity for ‘The Moment of the Global Euro’, the politicians must use them. Shenabel on Saturday referred to talks with active bodies in the financial market showing that investors became more interested in their investments and a little to Europe on the way -and that’s also good news. “She added:” In the case of Germany, which has a wide financial field, investors are also very positively visible to the austerity policies. ‘To finance public goods in Europe. The council, Joachim Najal, took a similar position, although he warned that the dollar was not expected to lose much of its influence. Deutschlandfunk on Sunday: “From a European perspective, we need to strengthen the euro. We want to make Europe more attractive to foreign investors. But of course we also need to monitor the US dollar and make sure you stay stable.”