In-Depth Analysis - Towards A Multipolar System: Strengthening the Euro as a Major International Currency - 23-09-2025
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The dollar is likely to lose its dominant position as a world currency. The world will evolve towards a multipolar currency system which includes the euro as one of the significant international currencies. To achieve this status the Capital Markets Union (CMIn-Depth Analysis - Towards A Multipolar System: Strengthening the Euro as a Major International Currency - 23-09-2025
The dollar is likely to lose its dominant position as a world currency. The world will evolve towards a multipolar currency system which includes the euro as one of the significant international currencies. To achieve this status the Capital Markets Union (CMU) should be strengthened. In addition, to counter the dominance of the dollar payment system, the full integration of the national payments systems in the euro area should be pursued. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 6 October 2025. Source : © European Union, 2025 - EP Read more