Digital euro, so the European Union finds the compromise | EUROtoday

Among different issues, the following negotiating rocks will concern the commissions that should be paid by merchants, because the Italian Finance Minister Giancarlo Giorgetti recalled in a written declaration: “It is crucial – he said – that the compensation model of management costs is lower than the traditional payment cards. It is a strategic priority with the aim of protecting consumers and the market ».

Meanwhile, Parliament advances slowly in evaluating the proposal presented by the European Commission. The speaker of the text, the popular Spanish Fernando Navarrete Rojas, should present his proposals in October. Still in the recent past, before the summer break, the deputy expressed doubts about the initiative, saying worried about the costs for the banks. That said, it is assumed that an agreement in the trilogue can reach by the end of 2026, with the start of the digital euro in 2029.

Delicate passage

The drawing has so far been slowly. If it is true that there is growing urgency to equip the euro area with your own digital currency, both to respond to the birth of similar uniforms around the world and to combat the use of cryptocurrencies, it is also true that the passage is delicate. In parliament the discussions are intense. Some parties wonder, for example, why it is necessary to put a roof to the portfolios in digital euro, given that the currency is guaranteed by the ECB.

More generally, the theme of the digital euro comes while the Trump administration waters the financial rules and promotes cryptocurrencies, in the hope of helping the dollar, which for many of these uniforms is the reference currency. Also with regard to the euro, the same minister Giorgetti raised the question of the value of the euro whose strength against the dollar represents “a second responsibility on our exports”.

Loading…