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Sorry Europe, Wall Street must stay on top – POLITICO

By staffDecember 5, 20251 Min Read
Sorry Europe, Wall Street must stay on top – POLITICO
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“But our leadership position cannot be taken for granted,” it continues, calling on America to leverage “our dynamic free market system and our leadership in digital finance and innovation to ensure that our markets continue to be the most dynamic, liquid, and secure and remain the envy of the world.”

The strategy lists the “world’s leading financial system and capital markets, including the dollar’s global reserve currency status” as one of the U.S. key levers of power.

Trump’s comments come as Europe looks to grow its own finance system to reduce the continent’s dependence on Wall Street.

The EU has put forward a broad plan to boost its own finance industry by strengthening its single market for investment, and it will draft policy plans in the coming months aiming to boost its banks’ ability to compete globally.

It is also creating a digital version of the euro currency, which would reduce its reliance on the dollar and on U.S. payment giants.

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