On Friday 19 December, the Member States’ permanent representatives to the European Union approved the EU Council’s position on legislative proposals to strengthen the European currency by allowing a digital euro to be introduced and further clarifying the legal tender status of euro cash.
“No Member State broke the silent procedure on the digital euro”, a European diplomat told Agence Europe, following a procedure launched by the Danish Presidency of the EU Council at the last meeting of European finance ministers (see EUROPE 13772/2).
The representatives approved three negotiating mandates on the ‘Single Currency’ package. Inter-institutional negotiations (trilogues) can therefore be launched with European Parliament on the Regulation on the establishment of the digital euro, the Regulation on legal tender of euro banknotes and coins and the Regulation on the provision of digital euro services by non-Euro area payment service providers.
See the EU Council’s negotiating mandates: https://aeur.eu/f/k3y ; https://aeur.eu/f/k3z ; https://aeur.eu/f/k40 (Original version in French by Bernard Denuit)