Euro should not covet reserve role

euromoney

The eurozone would suffer from the euro becoming a global reserve currency, panellists at a CentralBanking.com web seminar said on Tuesday.

Daniel Gros, the director of the Centre for European Policy Studies, a Brussels-based think tank, and Ken Wattret, the chief eurozone economist at BNP Paribas, both asserted that the euro becoming a reserve currency would hinder any nascent recovery in the region.

Such a move would, the economists argued, dampen export competitiveness by sparking an

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: