Giancarlo Giorgetti has warned that global competition now hinges on unconventional economic weapons—cryptocurrencies and tariffs. He emphasised that these tools are critical in defending the dollar against China’s rising influence and urged European policymakers to adopt innovative fiscal measures to ensure global economic stability
Beyond tariffs. At a high-level event in Rome on Monday, Economy Minister Giancarlo Giorgetti underscored that global competition’s real challenge is not just about tariffs and traditional protectionism but the use of cryptocurrencies as economic weapons.
- He argued that such tools are a potent means for the United States, under the Trump administration, to defend the dollar against China’s rising influence.
- Speaking at a conference at the Luiss University, he warned that while Europe has discussed the digital euro for three years, it has yet to implement concrete measures.
- His remarks emphasised that cryptocurrencies and tariffs are being deployed as real economic arms in a global contest.
A dual approach. On Saturday in Milan, during the official oath ceremony at the Bergamo Financial Guard Academy, Giorgetti focused on the same issue.
- “In this era of tariffs, algorithms, and cryptocurrencies, the specialised competence of individuals and the wisdom of politics will be decisive,” he stated.
- He highlighted that tariffs and virtual currencies are used as effective instruments to shape global financial and commercial dynamics.
- Giorgetti cautioned that governments must adapt their internal and external policies to counter these unconventional economic weapons, ensuring they do not undermine global stability and justice.
