The single currency, euro, may become the world’s leading currency in the next decade if leaders of the single-currency bloc succeed in tightening fiscal integration. European Central Bank policymaker Christian Noyer made this statement in an article to be published in the Journal du Dimanche.
On December 9, leaders of Europe struck a historic deal at an emergency summit in Brussels to draft a new treaty for deeper economic union, in an attempt to stem the debt crisis that is threatening to cause collapse of the euro.
“If we implement all the decisions taken at the Brussels summit we will emerge stronger,” Noyer said in the article, due to be published to coincide with the 10-year anniversary of the euro on January 1. “In 10 years, maybe the euro will be the world’s number one currency.”
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