French Finance Minister: "Euro 'under threat as never before'"

French Finance Minister: "Euro 'under threat as never before'"
  • Clock-gray 14:45
  • calendar-gray 21 May 2019

French Finance Minister Bruno Le Maire has said in a statement that the euro "is under threat as never before" due to the risk of an economic crisis linked to trade wars and European politicians who want the use of the single currency to end, ONAreports citing Sputnik.

"There are those who, like me, believe that the euro is now under a threat and has never been so threatened", Le Maire told journalists, also mentioning "the risk of overvaluation of assets and the return of a financial crisis".

According to AFP citing the finance minister, the threat exists not only because of the trade war between China and the United States, but also the emergence of right-wing leaders in Europe who would be happy to see its end.

"Our single currency is above all under threat politically now because many European leaders do not hide their desire to see the euro disappear", Finance Minister Bruno Le Maire told reporters in Paris.

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