British newspaper: The European Union plans to fight the dominance of the dollar in global markets

London - Sana

The British Financial Times revealed plans for the European Union to fight the dominance of the dollar in global markets, noting the need for the European bloc to find ways to enhance the role of the euro on the global stage through the lessons learned from the Corona pandemic.

The newspaper quoted sources in the European Commission as saying that the issue of dependence on the dollar will be raised shortly before the inauguration of US President-elect Joe Biden.

The sources emphasized that the document is related to overcoming difficulties similar to those faced by the European Union after the outgoing US President Donald Trump reinstated sanctions against Iran, as well as about the need to protect countries from the consequences of the illegal extraterritorial use of such measures.

The European sources added that the years of Trump's presidency revealed our weaknesses and we must eliminate them ... We are talking about the position of the European Union in the world and the ability to have sufficient economic and financial strength.