important piece by my colleague @sandertordoir.bsky.social & @thinicemacro.bsky.social - geopolitical power and the currency go together, and as the dollar's domination is shaken, there is an opportunity for the euro, and Europe, to play a bigger role.
@sandertordoir.bsky.socialNew piece with former fellow ECB hand @thinicemacro.bsky.social.
At the Munich Security Conference, the ECB made its geopolitical move, opening repo lines to central banks globally.
It was probably the most consequential policy announcement at the conference.
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www.cer.eu/insights/ecb...
cer.eu
The ECB's bid to strengthen the euro's global role
As dollar dominance wobbles, Europe should boost the euro’s reach, led by bolder liquidity lines from the ECB.