The EU is the world's largest energy importer with an annual energy import bill averaging €300 billion in the last five years. Roughly 85% of this amount is paid in US dollars, even though the euro is a stable, reliable and globally recognised currency widely accepted for international payments. Strengthening its role in the field of energy trade and investment, while preserving general economic efficiency, will reinforce the international position of the euro and support the EU's objective to build an Energy Union that ensures that Europe's energy supply remains safe, viable and accessible to all.
This event will serve as a consultation of stakeholders' views on the mechanisms and practicalities of implementing the Commission Recommendation on the international role of the euro in the field of energy, adopted on 5 December 2018.
Participants will be invited to send their written contributions to the Commission after the event.
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