How Europe should respond to the erosion of the dollar’s status
Greater internationalisation of the euro requires more resilient financial system says Helene Rey
"The policy unpredictability of the Trump administration has accelerated questioning of the long-term viability of the dollar’s hegemonic status. This will have significant implications for the euro, the second most traded currency globally.
"More demand for the euro will bring benefits to Europe but also risks which need to be addressed," writes Professor Helene Rey in the Financial Times ('How Europe should respond to the erosion of the dollar’s status', FT, 7 May 2025).
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