Small font size A Larger text size A Largest text size A

ECB's Lagarde: boosting euro's global status requires improvements to economy

BY Reuters | ECONOMIC | 07/04/25 01:36 AM EDT

FRANKFURT, July 4 (Reuters) - The European Central Bank President Christine Lagarde said on Friday that the European Union's economic systems need to become more efficient and more productive for the euro to draw level with the U.S. dollar's role as the world's foremost currency.

Speaking to German broadcaster ARD in an interview, Lagarde said "political leaders, the policymakers, need to engage to make our economy more productive and more efficient" before the euro can become the main global currency. (Reporting by Ludwig Burger; Editing by Jamie Freed)

More Fixed Income News

JPMorgan's Dimon signals support for Kevin Warsh as Fed chair, FT reports BY Reuters |ECONOMIC 12/12/25 07:47 PM EST
JPMorgan's Dimon signals support for Kevin Warsh as Fed chair, FT reports BY Reuters |ECONOMIC 12/12/25 07:45 PM EST
AM Best Withdraws Credit Ratings of Southern General Insurance Company BY Business Wire |CORPORATE 12/12/25 04:24 PM EST
Fed's Daly says this week's rate cut was right move for Fed BY Reuters |ECONOMIC 12/12/25 04:07 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article