Just because the US is an ally doesn't mean the EU can build themselves to be reliant on the US. It gives the US too much leverage. >and the EU isn't making mo

Just because the US is an ally doesn't mean the EU can build themselves to be reliant on the US. It gives the US too much leverage. >and the EU isn't making moves on Visa/Mastercard which are arguably just as critical. They're arguably not as important in Europe. Credit cards aren't nearly as common here. It's largely debit cards and bank transfers. As I understand it, SEPA [0] allows Europe to sidestep Visa and MasterCard when necessary. [0] https://en.wikipedia.org/wiki/Single_Euro_Payments_Area https://en.wikipedia.org/wiki/Single_Euro_Payments_Area