The Euro's Last Chance: Internationalize or Become Irrelevant
Mercredi 15 avril 2026
Seminar IRSEM HEC: The Euro's Last Chance: Internationalize or Become Irrelevant
April 15st 2026 | 12 A.M - 1 P.M
As the global economic order enters a period of transition, a rare strategic opening is emerging — the so-called Kindleberger gap — where the traditional stabilizing role of the dominant currency, the U.S. dollar, shows signs of strain. This moment presents Europe with both a challenge and an opportunity: to elevate the euro from a strong regional currency into a true global anchor.
Internationalizing the euro is not about rivalry for its own sake; it is about resilience, autonomy, and responsibility. A more globally used euro would reduce Europe's exposure to external financial shocks, strengthen its geopolitical influence, and contribute to a more balanced and stable international monetary system. In a world of fragmented supply chains and rising uncertainty, relying too heavily on a single dominant currency is a systemic risk Europe can no longer afford. So how can this be achieved?
With Ludovic Subran (Allianz Chief Investment Officer) will discuss the dollar's stabilizing role showing signs of strain — opening a rare strategic window for euro internationalization as a matter of European resilience and autonomy.