The legislation for the digital Euro is set to go to the European Parliament after a first tentative text was concluded at the European Council negotiations led by the Danish Presidency. The initial stages of the discussions of the European Council involved diplomats from member-states so member-states have already agreed on a tentative draft text of the proposal.
European Central Bank Chief Christine Lagarde said that the ECB has achieved its target of 2% inflation by the end of the year and that next year it aims to implement two major new milestones – mainly the digital Euro and the new Euro banknotes. The Central Bank Chief also hinted that there will be new faces on the Euro banknote.
The digital Euro is urgently needed in Europe to counter sanction-measures against Europeans by the US government.
Newsroom
Leave a Reply