Turning the euro into a 'truly global currency' is 'both necessary and urgent', says Valdis Dombrovskis
Worldwide issuance of euro-denominated debt hit a record high last year as the EU ramps up efforts to internationalise its single currency amid mounting concerns about the reliability of the US dollar.
The European Central Bank (ECB) reported on Tuesday that global euro-denominated loans and bonds surged to nearly €1 trillion in 2025 – a 30% increase from 2024 and the highest level since the currency’s inception in 1999.
The euro also became the world’s leading currency in the issuance of green and sustainable bonds, the ECB found, with its global market share rising from 35% to 41% – supplanting the US dollar, whose share fell from 42% to 32%.
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