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European Central Bank Official Discusses European Recovery, Yuan’s International Role

European Central Bank Executive Board member Benoit Coeure said the spike in bitcoin is
European Central Bank Executive Board member Benoit Coeure said the spike in bitcoin is "clearly a bubble," warning that despite its sharp rise in value, it is "a speculative investment" with "a risk of large capital losses." Photo: Visual China

Benoit Coeure, a member of the European Central Bank (ECB) Executive Board, and in charge of market operations, market infrastructure and payments, and international and European relations, sat down for an interview with Caixin on Dec. 17. He shared his opinions on a wide range of issues, including outlook for the international role of China’s currency; the European economy’s recovery; and the bitcoin bubble.

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