ECB’s Schnabel Says Euro’s Role Strong, Should Be Strengthened

The European Central Bank (ECB) Executive Board member, Isabel Schnabel, has emphasized the importance of strengthening the international role of the euro. Schnabel stated that the euro's position remains strong, and efforts should be made to further enhance its global influence. The article highlights Schnabel's stance that the euro has maintained its status as a leading international currency, despite the challenges faced by the European Union in recent years. Schnabel emphasized the need to continue supporting the euro's role, which she believes is crucial for the economic and financial stability of the Eurozone. The article does not provide specific details on the measures or strategies proposed by Schnabel to strengthen the euro's international position. However, it suggests that the ECB is committed to maintaining the euro's prominence on the global stage and is willing to explore ways to bolster its influence.