ING: Euro’s Global Rise Stunted by Structural Challenges

The euro, while a major international currency currently second only to the US dollar in global payments and reserves, faces significant hurdles in expanding its global influence. A recent outlook from ING, a prominent financial institution, highlights these challenges and suggests a more complex road for the euro’s ascent in the financial system. ING’s analysis focuses on structural factors that could impede the euro’s growth, urging caution for those who expect a rapid shift towards greater global prominence. .