Wednesday, July 10, 2019

Eurozone finance ministers mull int'l role of euro

MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, July 8 (KUNA) -- Finance Ministers of the 18-member Eurozone Monday discussed the international role of the euro and ways to strengthen it.
"We looked into ongoing work to strengthen the international role of the euro. The (European) Commission has been building the evidence base for possible initiatives at the sectoral level," Eurogroup President Mario Centeno told a news conference at the end of the meeting in Brussels tonight.
"This was not our first discussion on the topic and it will not be the last - it is a priority and we will take it forward as was requested by (EU) Leaders in December," he noted.
On his part, Klaus Regling, Managing Director of the European Stability Mechanism (ESM), the EU's permanent bailout fund, told the joint press conference that they had a "good discussion" on the international role of the euro.
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