00:00.
00:07By championing a rules-based international system
00:11and anchoring the dollar as the world's reserve currency,
00:15the United...
00:23The changing landscape could open the door for the Euro
00:26to play a greater international role.
00:29First, it would allow EU governments and businesses
00:34to borrow at a lower cost,
00:37helping boost our internal demand
00:39at a time when external demand is becoming less certain.
00:43Second, it would insulate us from exchange rate fluctuations,
00:49as more trade would be denominated in Euro,
00:52protecting Europe from more volatile capital flows.
00:57Third, it would protect Europe from sanctions
01:01or other coercive measures.
01:04So, in short, it would allow Europe
01:07to better control its own destiny...
01:09...
01:19...
01:20...
01:21...
01:22...
01:23...
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