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Toward a stronger international role of the euro

EU member states' leaders will discuss the international role of the euro during European Council and Euro Summit to be held in Brussels on Dec 13 and 14.

Europe has taken determined action to increasingly make the euro a source of economic protection and empowerment. Strengthening the international role of the euro is both the logical continuation of and a new frontier in the Economic and Monetary Union overall agenda, developed over the past four years.

The EU is concerned that European businesses still trade in US dollar in key strategic markets, often even between themselves, which exposes them to currency risks and political risks.