"Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency"
About this Quote
The geographic sweep matters: Europe, Japan, and the United States. This isn’t a European vanity project; it’s a conversation among the major nodes of capital. Japan’s inclusion signals that the euro’s fate isn’t merely a transatlantic parlor debate but tied to Asia’s reserve management and export-driven anxieties. The subtext is a subtle reordering of power. Reserve-currency status is not a trophy; it’s leverage - lower borrowing costs, deeper financial markets, and the ability to export risk. So the question “to what extent” smuggles in an admission: reserve dominance isn’t binary, and the dollar’s position, while still towering, is contestable at the margins.
Contextually, Solomon is speaking from the early era of the euro’s ambition, when Europe wanted monetary unity to translate into global influence. The quote captures that hinge moment: an educator’s language, but a strategist’s horizon - currency as quiet statecraft.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite | Cite this Quote |
Citation Formats
APA Style (7th ed.)
Solomon, Robert C. (n.d.). Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency. FixQuotes. https://fixquotes.com/quotes/another-question-has-been-raised-rather-widely-in-102069/
Chicago Style
Solomon, Robert C. "Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency." FixQuotes. Accessed February 2, 2026. https://fixquotes.com/quotes/another-question-has-been-raised-rather-widely-in-102069/.
MLA Style (9th ed.)
"Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency." FixQuotes, https://fixquotes.com/quotes/another-question-has-been-raised-rather-widely-in-102069/. Accessed 2 Feb. 2026.
