EU Plans to Boost Euro Clout vs US Dollar

The EU plans new initiatives to boost euro vs dollar by a variety of new proposals, including using the euro in energy contracts and other measures. At the bottom of this are EU efforts to create “special purpose vehicles” allowing EU companies to continue trade with Iran, which will run into American political opposition, and how to protect EU banks with significant business in the US. Neither will be easy, which
makes the entire effort dubious.

 

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