The head of the ECB: The euro is intended to be the global reserve currency.

Euro not originally conceived as a global reserve currency. This announcement was made today by the head of the European Central Bank (ECB) Jean-Claude Trichet. According to him, the ECB has never had plans to encourage use of the euro on a global scale. The head of the ECB also noted that, according to his data, in the short term, the U.S. government intends to pursue a "strong dollar". In the case of such a policy, in his opinion, the U.S. government should avoid excessive volatility, reports Reuters. In terms of head of the ECB, interest rates in the world financial system now reflect the current situation and do not contribute to the emergence of a new "bubble" in the financial market. We recall that on 28 September Jean-K.Trishe said that emergency measures introduced to restore the economy and bank lending, turn off too early. The head of the bank said the crisis was not yet complete, so "withdraw support measures of the economy sooner. At the same time, he clarified that "at some point will need to withdraw from the program support." The head of the ECB, the bank has for this strategy, and he is ready to use it when necessary. Jean-K.Trishe reported that the EU economy is already "showing signs of stabilization" and added that in his opinion, is "a strong dollar is very important.