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Euro losing ground internationally – EU reinforces strategic missteps

ESN Group Press Office · 1 min read
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In yesterday’s ECON committee meeting, the global role of the euro was discussed in the context of geopolitical tensions and structural deficiencies in the EU’s financial architecture. Particular focus was placed on dependence on US payment systems, risks posed by stablecoins, and the lack of common safe assets. AfD Member of the European Parliament Siegbert Droese commented:

“Europe remains financially dependent and strategically weak, while other actors are deliberately strengthening their positions. Instead of reducing these dependencies, the EU is pursuing projects such as the digital euro, which neither generate international demand nor address the underlying structural problems. At the same time, fragmented capital markets and the lack of safe investment instruments prevent the euro from becoming truly competitive. In this way, Europe continues to squander its opportunity for financial sovereignty and remains in the shadow of the US dollar.”