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Lagarde Pushes for Independent European Payment System to Reduce Foreign Dependence

The European Central Bank is considering phasing out American and Chinese payment systems from the EU market in a strategic move toward financial sovereignty. President Christine Lagarde emphasized that the current reliance on platforms such as Visa, MasterCard, PayPal, and Alipay limits Europe’s control over critical financial infrastructure and increases vulnerability to geopolitical risks. According to Lagarde, establishing a European alternative is essential for the EU’s economic Read more
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