Ed Kalegi

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News when you want it with Bloomberg News Now.

I'm Ed Kalege.

Secretary of State Marco Rubio says Europe's fate is intertwined with the U.S.

while faulting the continent for what he said was a drift away from their shared Western values.

The double-edged message offered some reassurance to allied leaders gathered at the Munich Security Conference, but did little to temper their push for more independence from Washington.

Rubio spoke with Bloomberg News Editor-in-Chief John Micklethwaite.

Secretary Rubio speaking with Bloomberg News Editor-in-Chief John McWithwaite.

The European Central Bank is prepared to offer euro liquidity to monetary authorities from around the world in an effort to prevent market tensions and increase global use of the single currency.

In a statement Saturday, the Frankfurt-based institution says it will extend repo lines to all central banks unless excluded on the grounds of, in particular, money laundering, terrorist financing or international sanctions, adding that the changes will apply as of the third quarter.

The move to make euros more readily available reflects Europe's broader efforts to redefine its place in a global order upended by President Trump.

Policymakers have long viewed his erratic policies as an opening to challenge the dollar's decades-long dominance and bolster the euro's international role.