The European Commission today presented a new strategy to stimulate the openness, strength and resilience of the EU's economic and financial system for the years to come. 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. This goes hand in hand with the EU's commitment to a more resilient and open global economy, well-functioning international financial markets and the rules-based multilateral system. This strategy is in line with President von der Leyen's ambition for a geopolitical Commission and follows the Commission's May 2020 Communication “Europe's moment: Repair and Prepare for the Next Generation”.
This proposed approach is based on three mutually reinforcing pillars:
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Promoting a stronger international role of the euro by reaching out to third-country partners to promote its use, supporting the development of euro‑denominated instruments and benchmarks and fostering