Page 33 - Markus Ferber News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SOURCE / GT VOICE By Global Times Published: Jan 19, 2021 07:08 PM People walk past the Houses of Parliament in London, Britain, on Jan. 1, 2021. Photo:XinhuaPressure is mounting on the UK financial service providers as the EU seeks to strengthen its financial standing and promote the euro's role in the world which has long been eclipsed by the predominance of the US dollar. Should the EU want the euro to compete with the greenback, it needs a financial system to match it, Markus Ferber, a senior member of the European Parliament, said on Monday, noting that, "We need a clear step-by-ste...

EU Eyes Dollar’s Global Dominance in Bid to Bolster the Euro Bloomberg 1/19/2021 Viktoria Dendrinou © Bloomberg European Union (EU) flags fly from flag poles outside the EU's Berlaymont building in Brussels, Belgium, on Wednesday, Sept. 16, 2020. The European Union’s executive proposed toughening the bloc's emissions targets in a move that'll force industry to face stricter pollution standards and aims to spur a green economic recovery. (Bloomberg) -- The European Union wants to boost its position in the global economic stage by strengthening the international role of...

| UPDATED: 16:04, Mon, Jan 18, 2021 Link copied Sign up for FREE now and never miss the top politics stories again SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they'll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. A senior MEP dismissed Brussels’ “wait and see” policy and insisted the approach would hinder Europe’s financial services industry. German Markus Ferber,...

He was speaking ahead of Wednesday's publication of a European Commission paper on promoting the global role of the euro which sets out ways to rely less on the City of London, Europe's biggest financial centre, after Brexit.

The EU needs a "masterplan" to move euro financial services and City jobs from London to the bloc if it wants to expand the euro's role