EU to set out plans to lessen its reliance on the USD

Media reports on moves from the European Union to lay out plans to limit its reliance on the USD

Citing a draft policy paper from the European Commission that will be adopted on January 19.

The paper points to the EU’s vulnerability to US sanctions and to financial risks. Measures proposed include

  • tighter controls on foreign takeovers
  • boosting the use of the EUR in financial markets.

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