The European Commission is urged to encourage the abandonment of the dollar

© AFP 2018 / Jean-Philippe KsiazekПункт exchange in Lyon, France. Archival photoThe European Commission is urged to encourage the abandonment of the dollar© AFP 2018 / Jean-Philippe Ksiazek

The European Commission called for greater use of the Euro in the strategic sectors of the economy, said in a statement.

«Despite his position of major customers, as well as important producers of the European business is still trading in U.S. dollars in key strategic markets, often even among themselves», — said in the release.

It exposes the markets of the political and currency risks and puts them in dependence on unilateral decisions that directly affect dollar-denominated transactions.

«In this context, the European Commission has today adopted a recommendation to promote the wider use of the Euro in international energy agreements and transactions,» the document States.

The EU leaders proposed to discuss in December, the international role of the Euro.

In addition, the EC intend to consult on wider use of the European currency in transactions for oil and gas. About results I will report in the summer of 2019.

The European Commission is urged to encourage the abandonment of the dollar© Vitaly Policytool shackles

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