
EU Friday – 2 May
Welcome to Better Europe's weekly update on EU Affairs. ECB VP: DIGITAL EURO ESSENTIAL FOR EU AUTONOMY It’s an excellent time to push for the EU’s role as a global currency, ECB Vice President Luis de Guindos told MEPs this week. The central banker sees growing threats to Europe’s financial autonomy, so Europe should deepen capital markets, complete the banking union and unify the internal market. And, “with a more integrated approach, the euro can play a bigger role globally”. His remarks come as investors are fleeing the dollar and turning to eurozone assets, a shift that could strengthen the EU’s position as a global safe haven. De Guindos also warned that dependence on U.S. payment systems and dollar-backed stable coins risks undermining Europe’s financial sovereignty. In his view, the…