On May 21, 2025, Luis de Guindos, the Vice President of the European Central Bank (ECB), expressed optimism about the possibility of the Euro gaining market share internationally. According to De Guindos, this rise does not solely depend on a potential loss of significance of the US dollar. Rather, the crucial factor is the right political integration within the Eurozone.
Integration as a Success Factor
De Guindos highlighted measures such as the Capital Markets Union, Banking Union, and the integration of goods and services markets as central steps to promote the global strength of the Euro. He is convinced that such measures can positively change the perception of international investors, which could benefit the Euro.
Implications for the ECB and the Financial Market
A more internationally accepted Euro could mean that the ECB must adjust its monetary policy, thus influencing the stability of the Euro in the global financial system. For investors and savers, this could create more confidence and make the Euro more attractive as a reserve or trading currency.
In summary, De Guindos states that the Euro has the potential to gain market share internationally. However, the extent of this success strongly depends on the Eurozone’s ability to achieve successful political integration. While the US dollar continues to play a dominant role, new trade barriers could reduce its significance.
These statements were made during a press conference presenting the ECB’s financial stability report in May 2025.