Until recently, several countries considered to abandon the US dollar, including Venezuela, Russia and Iran. Lately, the European Union joined the band.
President of the European Commission Jean-Claude Juncker said “it is absurd that Europe pays for 80 percent of its energy import bill - worth 300 billion euros a year - in US dollars when only roughly 2 percent of our energy imports come from the United States. It is absurd, ridiculous, that European companies buy European planes in dollars instead of euro. All this must change.”
Nevertheless, experts claim that it is complicated to replace the dollar even with such a good option as the euro.
French President Emmanuel Macron commented on this question.
“I think today euro is not clear alternative to the dollar. Why? Because de facto there is an international extra territoriality of the dollar due to its strength. And until now we fail to make euro as strong as the dollar. We made a great job during the past years. But it's not yet sufficient. We are too much dependent, our corporates are too much dependent, which is an issue,” Macron said.
