Quotation by

Laurent Fabius

The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China.

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Understanding this quote AI Analysis

Laurent Fabius is saying that having one shared currency in the European Union gives both the EU and France more power in global money matters, especially compared to the United States. He also believes this shared currency will make it easier for Europe to respond to China's growing economic influence.

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