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The United States dollar has been the global reserve currency for decades, but its recent weaponization is moving nations to seek alternatives. One of the potential alternatives that is gaining world attention is the “unit” currency being considered by BRICS nations, though it remains in the theoretical stage. However, the European Union already has the euro, and some leaders are calling for efforts to raise its profile as an alternative global currency. In May 2025, the European Central Bank president, Christine Lagarde, suggested that “the euro could become a viable alternative to the dollar, earning the 20-nation bloc immense benefits, if governments could only strengthen the bloc’s financial and security architecture” (Reuters, May 26, 2025).
Nations and investors, concerned with the erratic nature of U.S. fiscal policy, have recently been moving out of the dollar and into gold. Lagarde, however, suggested that Europe must take advantage of the current situation: “The ongoing changes create the opening for a ‘global euro moment.’” She noted that such a situation will not arise by chance; it must be pursued. She also acknowledged that “any enhanced role for the euro must coincide with greater military strength that can back up partnerships.” And trust in the EU seems to be growing. A recent poll showed that more Europeans trust the EU than trust their own national governments (Reuters, May 28, 2025).
As volatile U.S. decisions propel Europe forward on the world scene, it is important to view these events through the lens of Bible prophecy. God’s word reveals that a future European “beast” power will also become a major global trade engine (see Revelation 17–18). This effort could be greatly enhanced if European currency becomes more widely used and trusted. You can learn more about Europe’s prophesied future by reading The Beast of Revelation: Myth, Metaphor, or Soon-Coming Reality?