For decades, the US dollar has been the undisputed anchor of the global financial system. But what happens if that dominance starts to crack — even slightly? And could the euro step in?
From the weaponisation of finance to rising US deficits and a more fragmented global trade system, the foundations of dollar dominance are being quietly challenged. Europe sees an opportunity: a stronger international euro could reduce imported inflation, lower transaction costs, deepen capital markets and increase financial autonomy.
But the path is far from simple. Without a unified fiscal system, a true safe asset comparable to US Treasuries, and stronger political cohesion, the euro still faces major structural limits.
This isn’t about replacing the dollar — it’s about reshaping the balance.
Watch the full episode to find out more!
Intro1:10 US dollar & challenges
3:18 What would euro gain if it extended its global influence?
5:36 What is missing?
8:54 Realistically...
