Padoa-Schioppa - Where does the euro stand?

SPEECH - In the speech 'International currencies: where does the euro stand' Tommaso Padoa-Schioppa of the ECB said the role of the euro as an international reserve currency has remained subdued, although the international role of the currency has been developing in many respects. He ends the speech by saying the ECB's role is to ensure that the euro is, and remains, a stable and non-inflationary currency.

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