The European Journalism Centre organises a four-day seminar, especially tailored to Latin American journalists, taking place in Brussels, as well as Frankfurt, from 2 - 5 June 2009. It will focus on the Global Role of the Euro.

Participants will have the opportunity to meet European institutions experts and attend the press conference of the President of the ECB, Mr. Jean-Claude Trichet, following the Governing Council meeting of the European Central Bank in Frankfurt.

Ten years after its establishment, the euro has been very successful as a stabilising force for the European economy. Its very existence in these times of global financial turmoil has helped to protect member countries’ economies from competitive devaluations and capital flight.

The euro already plays an important role in the global market and, as both competitor and collaborator to the dollar; it creates the potential for a bipolar international monetary system offering unprecedented challenges and opportunities to economic policymakers.

It has emerged as the second international currency and has gained influence in areas contiguous to the borders of the euro area. Its global role is likely to become stronger. While other regions around the world are more and more often considering alternatives to the dollar, euro usage will continue to increase steadily in trade invoicing, financial investment, and reserve holdings.

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