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


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