European Central Bank President Christine Lagarde used a Financial Times opinion article and an accompanying ECB blog post on 17 June to argue that geopolitical realignment and waning confidence in the US dollar present “Europe’s global euro moment.” Lagarde said a stronger international role for the single currency would deliver tangible economic benefits for the euro area and called on European policymakers to seize the opportunity by accelerating reforms that raise the euro’s global profile. Lagarde urged concrete measures, including bolstering the euro area’s capital-market infrastructure and improving the liquidity of euro-denominated assets, to make the currency a more attractive reserve and invoicing unit worldwide. She framed the initiative as a response to economic nationalism in the United States under President Donald Trump, which she said has eroded trust in the dollar. Speaking later at a Financial Times event in London, ECB Governing Council member and Bank of France Governor François Villeroy de Galhau endorsed Lagarde’s appeal, saying Europe is “in a favourable position” with inflation close to the ECB’s 2 percent target but must remain agile. Villeroy noted that last week’s Iran-Israel hostilities have increased uncertainty, requiring the central bank to react quickly, remain pragmatic and factor both euro appreciation and higher oil prices into its policy deliberations. Villeroy added that achieving a truly global euro will depend on creating deeper, more liquid and fully integrated financial markets across the bloc, echoing recommendations of the Draghi report on European financial integration. He argued that a broader investor base and unified market structures would reinforce monetary transmission and economic resilience, paving the way for the single currency’s elevated international stature.