The European Commission is expected to strengthen plans to establish the euro as the leading international currency through financial markets, trade and foreign policy.
Political news portal Politico revealed today that the EU executive is preparing a policy paper unveiling a number of new initiatives. While the EU has been contemplating such move for months, Brexit and recent trade disputes with the United States have accelerated the process.
According to a draft leaked to the same portal, the plan “allows the EU to defend its interests internationally and stand up for its values.”
Boosting the euro could help lure financial dealing away from the City of London and shield European companies from U.S. sanctions on matters such as Iran’s nuclear program or Russia’s gas pipeline.
Among the proposals in the draft, the Commission is expected to take a more proactive role in encouraging financiers and industries to conduct their commerce in euros, the draft said, highlighting the world’s markets in energy, commodities, healthcare and aircraft.
via Politico
Morning Briefing
PM warns of difficult months ahead but vows to turn challenges into opportunities
Prime Minister Robert Abela has warned that the months ahead will be challenging,...
Disinformation is no longer spreading only through fringe actors or political agitators, but through a digital system that rewards outrage, sensationalism and engagement above accuracy, ...
Morning Briefing
PM warns of difficult months ahead but vows to turn challenges into opportunities
Prime Minister Robert Abela has warned that the months ahead will be challenging,...
Morning Briefing
€2.8bn rail project to reshape Malta’s transport network
Malta plans to build a 24-kilometre light rail line linking St Paul’s Bay to the airport as part of a wide...
Disinformation is no longer spreading only through fringe actors or political agitators, but through a digital system that rewards outrage, sensationalism and engagement above accuracy, ...
The European Parliament is moving closer to finalising its position on the EU’s next long-term budget, setting the stage for a key institutional milestone in shaping the 2028–2034 Multia...
Porsche has agreed to sell its stakes in sportscar makers Bugatti and Rimac to a consortium led by a U.S. fund co-founded by a scion of Egypt's billionaire Sawiris family, one of the c...
Greece will no longer be the euro zone's most indebted country by the end of this year, with its public debt set to fall below Italy's, according to sources and data from Italy's new b...
“A company’s workplace culture praised by management, needs to be taken with caution. But when the recognition comes directly from employees, that carries greater weight,” says JONATHAN ...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
Malta Public Transport announces that it will be operating two additional evening trips between Mġarr and Nadur in Gozo on Saturday 18 April 2026 to facilitate passenger travel following...
In line with its mission to drive a truly digital Malta, GO plc is making giga-speed internet the entry point for all business customers, with six months completely free for new Business...
Shipping traffic through the Strait of Hormuz remained at a virtual standstill on Monday with just three crossings in the space of 12 hours, according to shipping data.
The oil prod...
Rights groups, including Amnesty International, say Iran carries out more executions per capita than any other country, and more in total than any nation except China, where reliable fig...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Russian forces have taken 1,700 square km (656 square miles) of territory in Ukraine this year and are advancing on its so-called fortress belt in Donbas, Moscow's top general said whil...
Russia unleashed its deadliest attack so far this year on the Ukrainian capital Kyiv and other cities overnight, killing 16 people, including a 12-year-old child, and wounding scores, i...
