Christine Lagarde Tells Europe It Needs Guns to Sell Bonds

The ECB President’s Berlin speech reveals what Brussels won’t admit: Europe’s currency ambitions are hostage to American hard power.

From banks to tanks

TL;DR

• Stagnation admission: The euro’s 20% global reserve share has flatlined for decades despite the EU’s massive economic footprint, forcing Lagarde to acknowledge fundamental structural weakness

• Military dependency exposed: Lagarde linked euro expansion to “greater military strength that can back up partnerships” – an admission that …