These are just a few statistics. The point I want to make is the following: when economic agents outside the euro area choose the euro as their preferred currency, this testifies to the trust they place in its stability and credibility. We see this trust as a sign of distinction for the euro.
At the same time, we consider the global use of the euro as a market-driven process. Therefore, the ECB takes a “neutral” view on the international role of the euro: it neither hinders nor encourages its global use. What about the economic pillar of EMU? The effective functioning of institutions and the credible implementation of national economic policies are essential.