· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 7 October 2024
Read full speech on consilium.europa.eu ↗ContextPress remarks in Luxembourg after a meeting of euro area finance ministers joined by other EU colleagues; the Eurogroup coordinates economic policies for the single currency and prepares a digital euro.
Why it mattersMinisters keep pressing lawmakers to finish the legal basis for central bank digital money.
Problems raised
- Digital payments are changing fast.
- The euro must remain fit for this new world.
- Legislation is still incomplete.
Solutions proposed
- Pursue the digital euro project.
- Advance co-legislators' work on its legal framework.
- Coordinate euro area economic policies.