12/07/2018 (Agence Europe) – Contrary to reports in EUROPE, Jakob von Weizsäcker (S&D, Germany) did not ask the President of the ECB about crypto-currencies, but about the European Commission's proposal to promote the emergence of a European sovereign bond-backed securities market (see EUROPE 12058). “It looks like the proposal is not any longer a big priority for member states”, Draghi noted, in reference to the Franco-German clash. It is a good starting point, he added. However, he considers that the legislative proposal on the table deviates from the position of the European Systemic Risk Board of which he is the chair over the way 'junior' tranches of these securities would be treated and the nature of the entity that would issue them. (MB)