This morning, the European Parliament will consider the creation of a digital euro to reduce dependence on the United States. Europeans have just realized the consequences of decades of political, military, technological, and financial subordination to the United States. “Europe tries to counter the overwhelming domination of King Dollar,” headlines the French newspaper Le Monde.

It’s yet another facet of the economic war. “Behind the transactions lies a confrontation between Europe and the United States,” comments the French newspaper. Although payments are made in euros, they are secured by US intermediaries, such as Visa and Mastercard, which “are becoming a weapon of choice in the geopolitical battle of the world’s great powers.”

For ten months, Le Monde reports, French judge Nicolas Guillou of the International Criminal Court has been barred from making bank payments through Visa and Mastercard because he has committed a serious crime: issuing arrest warrants against Netanyahu and his former Defense Minister, Yoav Gallant. Like other judges, Nicolas Guillou has been sanctioned by Marco Rubio.

Mastercard and Visa control two-thirds of card payments in Europe and all cross-border transactions. But the United States is not only punishing a few individuals or companies, but entire countries. In early June, Cuba was excluded from Visa and Mastercard.

The passing of the Genius Act by the United States, which regulates stable criptocoins denominated in dollars, has prompted the European Union to accelerate its digital euro project to avoid greater dependence on the US financial system.

The digital euro is not solely an economic measure, but clearly a political one. It’s about preserving what is now called “strategic autonomy” from the dollar because in modern imperialism, “spheres of influence” are not geographical, nor do they redraw maps, but rather economic, technological, and financial.

Translated by Amilkal Labañino / CubaSí Translation Staff