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AAG of the study identifies the fundamental rationale for a possible issuance of a digital euro: to preserve the role of public money in a digital economy. It outlines the policy options, trade-offs as well as design issues that its creation would raise. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON)

Valéry Giscard d'Estaing a été l'une des figures européennes majeures de la génération qui a suivi celle des figures fondatrices. Proche de Jean Monnet, il s'est lui-même dit inspiré par Robert Schuman. Pour Schuman comme pour Valéry Giscard d'Estaing, la relation à l'Allemagne a joué un rôle essentiel. Né en Allemagne, à Coblence − où son père était en poste dans le cadre de l'administration française de cette région allemande après 1918, il s'est engagé très jeune dans la libération de Paris, puis ...

Zdravko Marić, Minister of Finance of Croatia, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Croatian Presidency (January-June 2020). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”. This briefing provides an overview of the Croatian Presidency priorities in ECON matters, including the deepening of EMU, and the Council ...

Against the backdrop of a trend towards a cashless society and the emergence of private electronic monies, the paper discusses properties of digital currencies and implications for currency competition, describes benefits and risks of digitalisation of money for the society, explains the concept and implications of a CBDC, and discusses implications of digital money for monetary policy. The upshot is that the trend towards digitalisation will probably continue, but has to be closely monitored and ...

Vice-President Dombrovskis, Commissioner Moscovici and Commissioner Thyssen have been invited to an Economic Dialogue in line with the relevant EU law on the European Semester Spring 2017package. This briefing note covers the draft 2017 CSRs, the implementation of CSRs over the period 2012-2016 and recent decisions related to the implementation of the Stability and Growth Pact and the Macro-economic Imbalance Procedure.

European monetary integration began almost a decade after the Treaty of Rome, as European Economic Community Member States sought to protect themselves better from international economic turbulence and loosen their ties to the US dollar. This process, in which a multitude of stakeholders (Member States, European institutions) was involved, developed from looser forms – such as the 'Snake in the tunnel' mechanism – to Monetary Union and a common currency with an international role and importance. ...

After Latvia joined the euro area earlier this year, Lithuania should be the next EU country to adopt the single currency. Following consultation of the European Parliament, in July the Council is expected to decide on the European Commission's proposal that Lithuania become the 19th member of the euro area on 1 January 2015.