The former Minister of the French economy, Bruno Le Maire, declared himself on Saturday, April 19 for a “group” by the debts of European countries to help create a “reference euro” against the “King Dollar” in a context of strong commercial tensions with the United States.
In X, the one who directed Bercy for seven years requested that the European Commission study “the grouping of all” European “debts above a 50%debt roof.”
He also proposed to “melt in a single title” the titles of the European Investment Bank (BEI) and those of the common European debt resulting from the recovery plan of 750 billion euros decided in 2020 in the Pandemic of Cavid, which will be reimbursed until 2058.
“Make the euro a global reference currency”
Strengthening the euro in exchanges is also giving the countries of the “negotiation levers with its commercial partners, including the United States,” said Bruno Le Maire, who left Bercy in September 2024 during the appointment of the Barnier government.
“For the first time since 1945, Europeans have in their hands a unique opportunity to make the euro a global reference currency” facing “the King Dollar that hesitates on his throne, under the blows of their own issues, the president of the United States (…) in mind.” The dollar has lost 5% compared to the euro since April 2 and More than 8% From the Trump nomination on January 20.
Bruno Maire also begged that “accelerates the establishment of a digital euro”, a project from the European Central Bank (ECB), to get rid of “Visa, Mastercard or Paypal”, Americans.
The taxes of the customs duties of the president of the United States, Donald Trump, has led international investors to massively eliminate all the main US assets, including the dollar, the reference currency for international exchanges.
Source: BFM TV
