French president says euro is not yet an alternative to U.S. dollar

Section:

By Geraldine Amiel and Helene Fouquet
Bloomberg News
Sunday, November 11, 2018

French President Emmanuel Macron said that the euro is not "a clear alternative" to the dollar thanks to the U.S. currency's international "strengths."

"Until now, we fail to make the euro as strong as the dollar," Macron, speaking English, said in an interview with CNN broadcast on Sunday. "We made a great job during the past years but it's not yet sufficient."

For the French president, European corporations and entities are too dependent upon the U.S. currency. "This is an issue of sovereignty for me. So that's why I want us to work very closely with our financial institutions, at the European levels and with all the partners, to build a capacity to be less dependent from the dollar," he said. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-11-11/macron-says-the-euro-...


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