EU Pushes Plan to Reduce Dollar Dominance

Date: 05 December 2018 - 21:50

News ID: ۶۰۴۶۵

BRUSSELS (AFP) -- The EU commission on Wednesday presented its plan to reduce the dollar's overwhelming dominance of the global economy and to strengthen the role of the euro, particularly for energy transactions.
European capitals are increasingly frustrated with the global dominance of the dollar as a reserve currency, which hands the United States unparalleled diplomatic and economic power in a globalized world.