ECB Cipollone calls for action to boost euro global role
ECB board member Piero Cipollone says the euro needs deliberate policy action to grow its global role. He urged the bloc to boost the currency's market share.
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European Central Bank board member Piero Cipollone called for deliberate policy action on Tuesday to expand the euro's global market share. Cipollone described the currency's previous international growth as circumstantial rather than the result of strategic planning. A stronger euro would provide Europe with more autonomy in an increasingly contested global monetary system.
