Defend euro against China-Russia push for alternative currency: Europe’s bank chief

European Central Bank President Christine Lagarde made a case for defending the euro as Russia and China touted de-dollarisation efforts at the annual Brics summit. At a discussion hosted by the Atlantic Council in Washington on Wednesday, the former IMF chief urged greater attention be paid to Beijing’s and Moscow’s advocacy of alternative currencies to the US dollar and euro. “[China and Russia] will clearly attempt to push other currencies,” Lagarde said during the non-partisan think tank’s oRead More