ECB: Many years before euro can challenge dollar

A top European Central Bank policy-maker said on Friday 15 April that the process of acquiring an international role for a currency is extremely slow.

"The process of a currency acquiring an international role is extremely slow. It takes decades," said ECB executive board member Tommaso Padoa-Schioppa, adding it was a burden the 12-nation common currency had never sought.

Addressing a conference titled 'The euro at five - a global role' about how to make the euro fit to serve alongside the doll

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