Law's Juscelino Colares says the Europen Union is showing initiative to cut its reliance on the US dollar

As US economic clout diminishes, China and Europe work to cut dollar reliance

South China Morning Post: Juscelino Colares, the Schott-van den Eynden Professor of Business Law and a professor of political science, said that the European Union appears to be signalling to the new Biden administration its view on the inevitability of a multipolar world, putting the president’s goal of a “return to multilateralism” very much in doubt.