ECB Member Olli Rehn: Bold Steps Must Be Taken to Strengthen the Euro

Striking Statements on the ECB's Euro Policy

European Central Bank (ECB) Executive Board Member and President of the Bank of Finland, Olli Rehn, made important statements at a monetary policy conference held in Helsinki. Rehn emphasized that bold steps must be taken to increase the euro's role in the international arena. Rehn's statements recall ECB President Christine Lagarde's call in June to position the euro as "a credible global anchor of stability."

The Euro's Global Role and Strategic Reassessment

In this context, Rehn underscored the necessity of a strategic reassessment for the global monetary system to become more balanced. He stated, "Bold moves are needed to contribute to a more balanced global monetary system." These statements draw attention to Europe's efforts to ensure economic and financial stability.

Trade Wars and Protectionism

On the other hand, Rehn's statements also serve as a warning about the effects of increasing protectionism and trade wars. It is stated that the ECB must take urgent measures to strengthen the euro and make it more effective in international markets.