Euro and yuan unlikely to rival US dollar, says economist Daniel Gros
Daniel Gros, director of the Institute for European Policymaking at Bocconi University, argues that neither the euro nor the Chinese yuan will match the US dollar as a global currency. Gros, a former adviser to the European Parliament and the Delors Committee (which designed the euro), and a past IMF staff member, analyzes structural tensions in EU-China economic relations. Drawing lessons from the euro's history, he assesses the yuan's prospects. The interview was published by the South China Morning Post.
Key facts
- Daniel Gros is director of the Institute for European Policymaking at Bocconi University.
- He previously advised the European Parliament.
- He served as economic adviser to the Delors Committee, which developed plans for the euro.
- He worked at the International Monetary Fund.
- Gros examines structural tensions shaping EU-China economic ties.
- He uses the euro's experience to analyze the yuan's potential as a global currency.
- He concludes the euro and yuan are unlikely to match the US dollar.
- The interview appears in the South China Morning Post.
Entities
Institutions
- Institute for European Policymaking
- Bocconi University
- European Parliament
- European Commission
- Delors Committee
- International Monetary Fund
- South China Morning Post