The rocky start to the European Union’s vaccination rollout has allowed Moscow and Beijing to score political points in the Balkans and Central and Eastern Europe.
Join us for the launch of the eighth edition of the 'Euro Yearbook'
How would a digital Euro impact the financial system?
The current debate on currencies is driven by politics rather than economics.
Testimony before the European Parliament on the subject of euro area accession.
Not just the EU but also other countries, particularly China, need a defence against weaponisation of the dollar.
As an international currency, the euro has always been a distant second to the dollar. The idea of a greater international role for the euro has been floated, but without major institutional reform, the euro will not become a dominant currency.
Testimony before the European Parliament on the International Role of the Euro.
If the European Union can mediate effectively to resolve current Greek-Turkish tensions over energy in the Eastern Mediterranean, it could also provide an opportunity to tackle more deep-rooted problems.
Muddled initial reactions to the COVID-19 crisis tarnished the EU’s image in the Western Balkans. Europe should not take for granted the extent of its influence over its backyard in the face of Chinese and Russian charm offensives.
The euro never challenged the US dollar, and its international status declined with the euro crisis. Faced with a US administration willing to use its hegemonic currency to extend its domestic policies beyond its borders, Europe is reflecting on how to promote it currency on the global stage to ensure its autonomy. But promoting a more prominent role for the euro is difficult and involves far-reaching changes to the fabric of the monetary union.
At this event European Commissioner Várhelyi and EBRD President Sir Suma Chakrabarti will discuss what Europe is doing to help it's neighbourhood respond to the COVID-19 crisis.