European Central Bank Managing Director Ren: Joint European defense borrowing can enhance the global position of the euro

According to a report by Golden Finance, European Central Bank Managing Director Ren é stated that Europe should focus on defense investment as it will reduce costs, accelerate progress, and create a new safe financial asset, thereby enhancing the international status of the euro. European Central Bank President Lagarde has stated that the unstable economic policies of the United States have created space for the euro to seize market share from the dollar on the global stage, but this requires the eurozone to restart a long stalled process to complete its financial architecture. Joint defense borrowing can boost the prospects of Europe and the euro in two ways: it will create a large-scale, highly liquid security asset that is necessary for the smooth operation of the financial sector; It will also enhance defense capabilities, which are essential for any group issuing major reserve currencies.