In his draft report on a future European regulation on the legal tender value of euro notes and coins, presented as part of the ‘single currency package’, European Parliament rapporteur Fernando Navarrete Rojas (EPP, Spanish) stressed the need to preserve universal acceptance and access to cash. The text is designed as a sort of symbolic safeguard against the potential introduction of a future European digital currency.
Mr Navarrete Rojas believes that euro notes and coins should retain...