Euro should not covet reserve role

Panellists in a new web seminar say becoming a reserve currency would hamper recovery


The eurozone would suffer from the euro becoming a global reserve currency, panellists at a 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

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