European Central Bank president Christine Lagarde. Photo: Reuters/Liesa Johannssen
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US president Donald Trump’s erratic policies offer a “prime opportunity” to strengthen the euro’s international role and allow the currency bloc to enjoy more of the privileges so far reserved for the US, European Central Bank (ECB) president Christine Lagarde said.
If national governments can solve issues that have long restrained the European Union’s economic potential, they could be rewarded with lower borrowing costs as well as protection from currency fluctuations and sanctions, Ms Lagarde said in a speech in Berlin.
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