In a bold move, Christine Lagarde, President of the European Central Bank (ECB), outlined her vision for a resurgent euro, suggesting it could potentially replace the US dollar as the global reserve currency. This ambitious strategy hinges on the EU leveraging its geopolitical clout and solidifying the euro’s monetary credibility in a world undergoing significant shifts. Lagarde emphasized that while the rise of alternative currencies is underway, particularly within BRICS nations, the European Union must actively seize this opportunity to establish a more influential role for the single currency. However, achieving this goal requires addressing structural challenges within the Eurozone, including fragmented financial markets and insufficient safety assets, as well as bolstering its military power as a crucial component of monetary credibility. Lagarde’s vision for a new global order for the euro is predicated on both economic expansion and geopolitical influence. To achieve her goals, she advocates for trade agreements with emerging economies like BRICS, improved cross-border payments, and closer collaborations between central banks to increase international use of the euro. The ECB President also proposes joint financing initiatives that could bolster the creation of safe assets within the Eurozone, a proposal that faces some resistance from certain member states. Nonetheless, Lagarde believes that these reforms will ultimately elevate the EU’s economic standing on the global stage and allow it to actively shape international financial flows through innovative initiatives such as the planned launch of the digital euro in October 2025.