In a global economy that is becoming increasingly fragmented, financial systems have evolved beyond their traditional role as neutral infrastructure and channels of exchange, and are now being utilized as instruments of power. The ability to exert influence over capital flows, payment systems, and financial market infrastructure not only shapes economic outcomes but also directly translates into geopolitical influence.
For the European Union, this shift presents a significant structural challenge, as it is deeply integrated into the global financial system, yet key components of this system are controlled or influenced by external actors. This asymmetrical dependence on third-country actors in the financial system exposes Europe to potential external pressure and shocks that could threaten the stability of its internal market. As past events have demonstrated, access to financial infrastructure is not guaranteed and can be restricted, conditioned, or even used as a strategic weapon by external entities.
This situation raises a fundamental question regarding the EU’s ability to secure its capacity for independent action, absorb external shocks, and safeguard the stability of its financial system in a world where financial dependencies can be leveraged as a strategic tool.
The European Union must consider how to protect its financial sovereignty in order to maintain its economic stability and security.
