EU sets out plans to limit dollar reliance and boost euro
Proposal includes measures to protect against currency shocks and allow greater scrutiny of foreign takeovers
17 January 2021 - 17:12
Brussels — The EU has set out plans to strengthen the international role of the euro as it seeks to erode the dominance of the dollar and lessen the bloc’s vulnerability to financial risks, including US sanctions.
The plan includes measures to help protect against currency shocks and allow greater scrutiny of foreign takeovers, according to a draft of the proposal obtained by Bloomberg. The plan to foster “openness, strength and resilience”, was earlier reported by the Financial Times...
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