An agreed framework for the critical technical points of the digital euro Pascal Donahiou described after the end of his informal session Eurogroupwhile carrying a resistant development image in the eurozone, with consistently strong working markets.
According to Eurogroup president, Eurozone finance ministers resulted in wide convergence on two key issues: the “ceiling” on the occupation limits and the process of issuing the digital euro. The balance he found “respects the responsibilities of each institution” and will now pass into legal processing under the Council’s chairmanship, before returning to Ecofin level. Central to reinforcement of public understanding and trust in the venture remains.
In addition to the digital euro, the meeting started with the Eurogroup’s road map by the middle of next year. The three major axes are budget coordination, the deepening of capital markets and the banking union, along with initiatives for the role of the euro in and out of the eurozone.
In the evaluation of the juncture, the President noted that, despite the uncertainty, the growth prospect has improved marginally and employment remains very strong throughout the eurozone. The message was that financial performance could and should be further improved, with the above tools acting as levers.