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Increasing EU's financial autonomy appropriate, yet not easy -- Italian analysts - World News


2021-01-29 05:06:07 GMT2021-01-29 13:06:07(Beijing Time) Xinhua English
ROME, Jan. 28 (Xinhua) -- The European Union's (EU) efforts to increase its financial autonomy were appropriate and consistent with the original goals of the monetary union although they are not easy to attain, according to Italian analysts.
Last week, the European Commission took a step in this direction, laying out a specific strategy to foster the openness, strength and resilience of its economic and financial system.
"This strategy aims to better enable Europe to play a leading role in global economic governance, while protecting the EU from unfair and abusive practices," the commission stated in its Communications on Jan. 19.

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