The European Union is seeking new ways to widen use of the euro and counter the ...
BRUSSELS - The European Union is seeking new ways to widen use of the euro and counter the dollar’s global dominance, top EU officials said on Thursday, as the bloc tries to salvage Iran’s nuclear deal by helping companies bypass U.S. sanctions.
Because the dollar is the world’s dominant currency, European officials and businessmen are aware that financial threats by the United States cannot be overlooked, even when they rest on controversial legal grounds.Companies that trade with Iran risk being shut out from the U.S. market and could lose access to credit. Banks, insurers and other financial operators that provide support to firms breaching sanctions also face fines. The effectiveness of U.S.
“I don’t want our companies to suffer from American decisions that we do not share,” Le Maire told the conference of European financial experts. “The time has come to strengthen the international role of the euro, because the euro is also one of the best tools we have to support our European values abroad,” the EU commissioner for the common currency Valdis Dombrovskis told the conference.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stung by U.S. sanction threats, EU seeks ways to boost the euroThe European Union is seeking new ways to widen use of the euro and counter the ...
Read more »
Gender balance ‘difficult to achieve’ in top EU posts, warns TuskGender parity among the most senior EU positions may be 'difficult to achieve,' European Council President Donald Tusk said
Read more »
Trump said to delay auto tariffs amid EU and Japan trade talksPresident Trump is poised to delay a decision by up to six months to impose auto tariffs to avoid blowing up negotiations with the EU and Japan.
Read more »
In what may be Britain’s last European election, Nigel Farage’s new Brexit Party is expected to dominateNext week’s vote could influence efforts to leave the E.U. and the future of Theresa May.
Read more »
Pompeo crashes Brussels meeting of E.U. diplomats for Iran talksThe unplanned visit, en route to Russia, pits Pompeo against backers of the Iran nuclear deal.
Read more »
Pentagon warns EU against blocking U.S. companies from defense pactA new European military pact risks shutting American companies out of defense co...
Read more »
EU rich-poor gap widens but still lowest in worldScores of various countries within the European Union differ markedly, with some of those of the former communist states in Eastern Europe bringing down the average.
Read more »
EU calls for calm, warns US-Iran of conflict 'by accident'BRUSSELS (AP) — European foreign ministers urged the United States and Iran to show restraint Monday amid fears of tensions tipping them easily into armed conflict, while Secretary of State Mike...
Read more »
Europe Sticks a Knife Into Vegan MeatThe EU wants to ban vegan food products from using terms such as burger and sausage on their labels. The region’s livestock industry could be smelling danger.
Read more »
Facebook's Zuckerberg hails French hate speech plan as EU modelFacebook's Mark Zuckerberg hailed on Friday France's efforts to regula...
Read more »
Despite falling numbers, immigration remains divisive EU issueMigrant arrivals to Italy have almost dried up, new asylum requests across the E...
Read more »