NEW EU ENERGY COMMISSIONER WILL SEEK TO SWAP PETRO-DOLLARS FOR PETRO-EUROS
September 1st, 2019
THE INCOMING new European Union (EU) energy Commissioner has pledged to increase the role of the Euro in energy markets, instead of the US dollar. Former Estonian minister for economic affairs and infrastructure Kadri Simson, then responsible her country’s energy policy, is expected to assume her new EU role on November 1, when a new European Commission takes office. In a written response to questions from the European Parliament, which is vetting her appointment, Simson said she would “work to increase the use of the euro in energy markets, given that, ...
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