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Remarks by Paschal Donohoe following the Eurogroup meeting of 7 October 2024

· Paschal Donohoe, President of the Eurogroup (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, technology, ai and cyber risk

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 7 October 2024

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
  1. Digital payments are changing fast.
  2. The euro must remain fit for this new world.
  3. Legislation is still incomplete.
Solutions proposed
  1. Pursue the digital euro project.
  2. Advance co-legislators' work on its legal framework.
  3. Coordinate euro area economic policies.
Read full speech on consilium.europa.eu ↗

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