IMF Director Lagarde Calls Euro Second Reserve Currency

The managing director of the International Monetary Fund said on March 9 that the euro is the world’s second reserve currency.

Christine Lagarde made these comments during an interview about the euro crisis with the pbs. Lagarde said she was positive that Europe can conquer the crisis if it works together.

“I don’t think that it will split up, and I don’t think that the euro is going to become irrelevant. I think it’s the second reserve currency in the world today, it is much stronger than it was when it was launched about 10 years ago,” said Lagarde.

The Trumpet has forecast for many years that global confidence in the American economy will evaporate, and the dollar will lose its reserve currency status. Though Europe’s economy is also facing many challenges, European confidence is still growing, especially as Germany takes on more leadership.

Continue to watch Europe’s currency. Whether it maintains its current form or is transformed through this crisis, the next reserve currency will be European.