ECB President Lagarde calls to promote the euro as dollar suffers from Trump's policies

Christine Lagarde wants European governments to step up their game when it comes to the ￰0￱ ECB president told an audience in Paris on Tuesday that the 20 countries sharing the currency can’t just sit back and absorb economic shocks from other parts of the ￰1￱ approach has problems, Lagarde ￰2￱ money floods into the euro zone looking for safety, it pushes up the currency’s ￰3￱ makes life harder for exporters who suddenly find their products cost more in international markets. “If we strengthen the foundations of the euro now, we can transform our openness into resilience, and our weaknesses into strengths,” Lagarde said during her speech as reported by ￰4￱ added that Europe can make sure the euro remains a strong and reliable foundation for the continent’s future, even as global uncertainties increase.

Trump’s dollar weakness creates “global euro moment” There’s an opportunity ￰5￱ Donald Trump’s US pulling back from international cooperation, some people are questioning whether the dollar should remain the world’s go-to ￰6￱ officials see this as their chance to promote the ￰7￱ there’s been minimal progress since Lagarde referenced a “global euro moment” back in May as reported by ￰8￱ numbers tell the story. Top-rated government bonds in the euro area add up to €6.6 trillion, which is $7.7 ￰9￱ like a lot until you realize that’s only one-fifth the size of the US Treasury ￰10￱ stock markets ? Less than half the size of what you’ll find in the US, and they’re not as good at putting money where it needs to ￰11￱ emphasized that Europe needs to establish an environment where capital flows toward economic growth, creating a positive cycle where investment gains generate more incoming ￰12￱ added that a more robust eurozone economy would boost the euro’s strength and credibility on the international ￰13￱ what needs to change?

Lagarde pointed to regulations that differ from country to country, tax systems that don’t match up, and bankruptcy laws that vary depending on where you ￰14￱ also mentioned bigger challenges like high energy costs, productivity that’s not keeping pace, and the fact that countries don’t want to chip in for projects that would help ￰15￱ launches savings and investments union Last month, Brussels rolled out its newest attempt to get Europeans investing ￰16￱ European Commission announced what it’s calling the Savings and Investments Union. That’s just a new name for the Capital Markets Union, which has been kicking around for a ￰17￱ goal is creating a real single market for capital across all member ￰18￱ people to invest their money has been tough for ￰19￱ ￰20￱ have 33 trillion euros sitting in ￰21￱ of that is just sitting in cash or regular bank ￰22￱ there just don’t take the same risks with their money that Americans ￰23￱ commission thinks it has some answers.

There’s going to be a campaign to teach people about ￰24￱ want countries to set up incentives that encourage regular folks to open investment ￰25￱ taxes are the centerpiece of the whole ￰26￱ think the current tax rules are too complicated when someone wants to buy stocks, bonds or invest in ￰27￱ scares people ￰28￱ the proposals include tax breaks for establishing savings and investment accounts, tax-free earnings on investments, and a system where taxes are only applied upon withdrawal of funds. Here’s the ￰29￱ are controlled by individual countries, and they really don’t like giving up that control. Plus, some worry these new rules will just create more paperwork for financial companies.

That’s awkward timing when the EU is supposed to be cutting red tape, not adding to ￰30￱ your strategy with mentorship + daily ideas - 30 days free access to our trading program