On Wednesday 18 October, a number of stakeholders reacted to the decision by the Governing Council of the European Central Bank (ECB) to move on to the second phase of the digital euro project: the preparation phase (see EUROPE B13274A29).
The Eurogroup welcomed the decision. The Eurogroup is an informal body with no legislative powers. However, in parallel with the legislative deliberations of the co-legislators and the ECB’s preparatory work, the Eurogroup intends to continue to be...