European Central Bank Executive Board Member Schnabel: The international status of the euro is solid and should continue to be strengthened.

Jin10 data reported on October 20, the European Central Bank Executive Board member Schnabel reiterated that the international status of the euro should be further enhanced. She stated in Frankfurt on Monday: “Maintaining sovereignty requires a strong currency, which is precisely the responsibility of the European Central Bank. Therefore, we believe it is crucial to strengthen the international role of the euro.” She cited the viewpoint of Central Bank President Lagarde, emphasizing: “This status needs to be actively sought—it will not come from the sky.” Schnabel pointed out that innovation, growth, integration, and defense construction are all “the cornerstones for the euro to maintain its strength in the international arena,” and added, “Of course, a large and liquid European bond market will also support the international status of the euro.” Schnabel admitted, “We have taken significant steps in this direction, but continuous effort is still needed.”