The Euro Tries to Rise

Reducing the EU’s dependence on the U.S. dollar is the topic du jour as world markets tank and Trump takes on Iran. The energy field is a particularly hot spot for this debate. A proposed increase by Brussels in the use of the euro in energy contracts may create new price benchmarks for crude oil that favor EU member states going forward. The EU’s new electronic payment system is set to be unveiled next month.

 Read more:

 https://www.theguardian.com/world/2018/dec/05/european-union-dependence-on-dollar-to-be-reduced-under-new-proposals

https://www.pv-magazine.com/2018/12/06/eu-uses-energy-industry-to-strengthen-euro-against-us-dollar/

https://www.marketplace.org/2018/12/06/world/eu-moves-shield-companies-trade-iran-us-sanctions

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