Frank Elderson, a member of the European Central Bank’s Executive Board, emphasized that Europe’s commitment to upholding and enhancing the rule of law can directly contribute to economic prosperity and bolster the euro’s global standing. Speaking at Italy’s Constitutional Court, Elderson highlighted the strong link between legal clarity, robust institutions, and economic growth. He noted that by reinforcing the rule of law, Europe can encourage investment, support economic expansion, and strengthen the euro’s international role. This perspective aligns with ECB President Christine Lagarde’s views on the importance of a solid legal framework for the euro’s prominence. Elderson also warned of global challenges to the rule of law, citing trends of authoritarianism and judicial inefficiency in some regions.
— new from العربي الجديد
