Europe faces a unique opportunity: to make the euro one of the pillars of the global economy. The US dollar and Treasury bonds – historically regarded as benchmark assets for stability and security – are showing signs of volatility unseen in decades. Today, uncertainty surrounding the United States’ role in upholding the international order and the future of the American economy is eroding confidence in the dollar. If Europe succeeds in adopting targeted policies, the euro could stand alongside the dollar as a global reserve currency, bringing significant economic and financial benefits. Beyond the financial dimension, controlling one of the world’s reserve currencies would allow Europe to build its own strategic independence and enhance its global influence and projection. Rightly, ECB President Christine Lagarde has spoken about this on several occasions.