Expanded ties with countries hurt by US tariffs could bolster euro's global role, ECB's Villeroy says

FRANKFURT (Reuters) -Europe must act fast to bolster the global role of the euro as the window of opportunity to do so may soon close, and the bloc should seek greater ties with nations most affected by U.S. tariffs to help it achieve that, the French central bank chief said. Erratic U.S. economic policy has shaken investors' confidence in the dollar this year, but Europe has so far struggled to capitalise on the opportunity that presents, enacting changes far too slowly due to indecision, discord and bureaucracy. Outlining a host of possible courses of action, Francois Villeroy de Galhau said time was of the essence and it was critical that Europe set a deadline, such as January 1, 2028, to enact changes. "If we don’t react fast, we are at serious risk that the window of opportunity will