In a policy paper set to be adopted as soon as next week, the European officials highlighted that “global financial markets are too reliant on the US dollar,” the Financial Times reported on Saturday citing the document.
Given the lessons of the pandemic, Brussels is looking for ways to strengthen global positions of the euro instead. The broader use of the single European currency in financial markets may “shield the economy from foreign exchange shocks,” secure the resilience of the international monetary system and make the global economy less vulnerable, according to the draft. The measures to promote the euro could include a review of EU regulation of financial benchmarks, encouraging them to be denominated in euros instead of the dollar basis, among other measures.
- Insanity – Dr. Fauci casually admits the vaccine was a worthless venture
- DTC Settlement Alert! Money Market Instrument (MMI) Issuer Failure (AGAIN) – HSBC BANK USA NA (MMB6). Is HSBC having problems?
- HIV Testing all over the news worldwide
- “You keep saying hard times and even collapse is coming, but it hasn’t happened.” Response: “It hasn’t. To you. Yet.”
- BIG HAPPENINGS INCOMING, EXPECT MAJOR SHAKEUP IN WORLD ECONOMY
- China mobilizes for WAR 3/1/2023
- Huge Protests in Dublin Against Mass Immigration
- ChatGPT: The stock market crash will begin on February 15th, 2023
- Looks like ChatGPT is gonna need to go in the shop for repairs – guy got it to admit everything.
- You May Want To Vomit After You Read About The Unspeakable Evil That Is Happening All Over America Right Now
Views: 10