Commission launches consultations on the global role of the euro


The Commission launches today several targeted consultations to explore how to increase the international role of the euro in specific sectors: agricultural and food commodities, metals and minerals, and transport sector manufacturers in the field of aircraft, maritime and railway transport.

Consultations in the financial and energy sectors will follow. A workshop on the international role of the euro in the energy sector is planned for 14 February. These steps are a follow-up to theDecember 2018 Communication “Towards a stronger international role of the euro”,which outlined the benefits of a strengthened international role of the euro for the EU and the international financial system and proposed initiatives to boost the euro’s role. The Euro Summit of December took note of this Communication and encouraged work to be taken forward. Today’s consultations aim to determine where more fine-tuned initiatives can be taken. They will remain open for two months until end-March 2019. In addition, the Commission will hold discussions on the increased international role of the euro in different public fora. The Commission will report on progress by the summer.