European Parliament Backs Digital Euro to Cut US Reliance
9 Articles
9 Articles
The European Parliament is examining a project to establish a faster and cheaper payment system, with the aim of strengthening the EU's financial autonomy vis-à-vis the United States and escaping the banking lobby, Jezebel Coupey-Soubeyran explains in his column in the "World".
ECON approves the mandatory acceptance of digital euro payments in the European context. The digital euro has taken another step in its legislative journey, still far from final approval, but solid enough to guide the next negotiations. With 43 votes in favor, 14 against and one abstention, the European Parliament's Committee on Economic and Monetary Affairs (ECON) approved its position on the single currency package, which includes the regulati…
The European Parliament's Economic and Monetary Affairs Committee has adopted a proposal for a digital euro, an electronic version of the common currency issued by the ECB. The initiative still requires a vote by the entire Parliament in Strasbourg and talks with EU member states, but the timetable assumes that the new solution could be launched by the end of the decade.
The introduction of the digital euro has moved another step closer. On Tuesday, the European Parliament's Committee on Economic and Monetary Affairs voted in favor of the further development of the digital currency. This brings the introduction of a digital version of the euro closer. At the same time, the debate regarding the implications for privacy, financial freedom, and the role of the government continues.
On 23 June, the ECB took a step forward: it obtained the support of the European Parliament for the launch of the digital euro, a central bank currency for private individuals and businesses for their retail payments. Discussions between the EU governments and the European Commission are expected to take place next month. To any objection, its promoters reply "fake news", "conspiracy" and "extreme-right". Since a US decision could deprive Judge …
braunschweiger-zeitung.de
otz.deThe common currency is becoming electronic – and quite soon. Do consumers have to say goodbye to notes and coins?
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
