BERLIN, Sept 17 The euro could replace the U.S.
dollar as the world's primary reserve currency, a German
magazine quoted former Federal Reserve Chairman Alan Greenspan
as saying on Monday.
Greenspan told weekly Stern it was "absolutely conceivable
that the euro will replace the dollar as reserve currency, or
will be traded as an equally important reserve currency," the
magazine said in a preview of this week's edition.
The dollar no longer had much of a lead over the euro, he
said, adding that the European Central Bank had "developed into
a global economic force to be taken seriously."
Greenspan, whose memoir "The Age of Turbulence: Adventures
in a New World" hits bookshelves on Monday, said the euro
region had profited from the strength of the European single
Its use as a reserve currency had led to a drop in
euro-zone interest rates and "without doubt contributed to the
current economic expansion," he added.