TechFlow news, according to Jinshi Data, European Central Bank President Lagarde delivered a speech at a forum in Berlin on May 26 local time. Lagarde stated that the current dollar-based international monetary system is becoming uncertain, and Europe needs reforms in multiple areas to reduce its exposure to changes in the global order. She further explained that global multilateral cooperation is being replaced by zero-sum games and bilateral power struggles, openness is giving way to protectionism, and even the cornerstone of the system—the dominance of the dollar—has become uncertain.
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