Vote of the European Parliament on Christine Lagarde's nomination. Wikipedia
The EU Commission and the European Central Bank have announced that they will work together on the technical implementation of the digital euro. “We need a digital euro. This requires the digitization of the economy and finance, ”said the Vice President of the EU Commission, Valdis Dombrovskis, on Wednesday in Brussels.
Published: January 22, 2021, 8:36 am
Council of Europe rejects creation of sovereignist group
Childminders reject toddler because the parents support the AfD
Twitter deletes Identity Movement accounts
Covid is an orchestration for serving an agenda - The destruction of freedom
Pope: Private property is 'not Christian', WEF agrees
WEF founder Klaus Schwab complains about Great Reset 'conspiracy theory'“We observe that the importance of cash is gradually declining. A digital euro is an additional way of paying and saving,” added the Latvian politician. The digital euro should, however, only complement cash, not replace it. “We are setting up a joint group of experts in order to clarify the institutional, legal and practical aspects of creating a digital euro,” explained Dombrovskis, according to the Handelsblatt.
ECB President Christine Lagarde had previously emphasized: “We will have a digital euro.” This will not happen tomorrow, “it will take some time to ensure that there is something that is safe”. She estimated that the e-euro will be available in five years. It will be issued and controlled by the ECB.
The digital euro is going to be kept in a kind of virtual wallet, according to EU sources. Payments should be possible both online and offline via an app. The account on which E-Euros are stored belongs to the ECB, but it is going to be managed by the commercial banks.
Contrary to some forecasts, cash retained its top position in payments in the Corona year 2020. According to the Deutsche Bundesbank, 60 percent of all transactions in Germany were made with coins and bills. This was followed by debit cards with 23 percent. Compared to three years ago, however, cash decreased by 14 percentage points, which is also due to the fact that purchases on the Internet have increased.
All rights reserved. You have permission to quote freely from the articles provided that the source (www.freewestmedia.com) is given. Photos may not be used without our consent.
Help us to produce more articles like this. FreeWestMedia is depending on donations from our readers to keep going. With your help, we expose the mainstream fake news agenda.
Keep your language polite. Readers from many different countries visit and contribute to Free West Media and we must therefore obey the rules in, for example, Germany. Illegal content will be deleted.
If you have been approved to post comments without preview from FWM, you are responsible for violations of any law. This means that FWM may be forced to cooperate with authorities in a possible crime investigation.
If your comments are subject to preview by FWM, please be patient. We continually review comments but depending on the time of day it can take up to several hours before your comment is reviewed.
We reserve the right to delete comments that are offensive, contain slander or foul language, or are irrelevant to the discussion.
ViennaFormer Austrian Interior Minister Herbert Kickl (FPÖ) is considered the new strong man in his party, slated to take over the leadership soon. In an interview translated from ZUERST! Kickl explains how he wants to bring the FPÖ back to being the top party.
SkövdeAt Vasaskolan in Skövde, a brutal assault occurred in May, when a student received blows and kicks to the head by seven attackers. In the local media, important facts were concealed: The abuse is part of an increasingly tense ethnic conflict between Swedish young people and immigrants from Skövde's ghetto Södra Ryd.
ParisCNews star Eric Zemmour commented on the slap received by French President Emmanuel Macron on June 8, 2021. While condemning the slap given to Macron, the journalist and columnist considered that the President of the Republic "got what he deserved" because Macron "himself has desecrated the function".
Tain-l'HermitageDamien Tarel, presumed author of the aggression against the French president, and Arthur C. were arrested by the gendarmes of the Surveillance and Intervention Platoon of the Gendarmerie (PSIG) of Valence. They were presented, according to one source, as “yellow vests”, a fact which was denied by the public prosecutor.
BerlinAlice Weidel, the co-leader of the AfD noted the alarming number of people who have filed for personal bankruptcy since the Corona pandemic began.
ParisThe French National Assembly's overseas delegation published an information report on education in Guadeloupe, Martinique and Reunion. While it noted some improvements, the report mainly pointed out dysfunctional... buildings.
Antwerp Four members of the conservative group Voorpost were sentenced for inciting hate and violence because of a banner announcing “Stop Islamization”. This is the latest attack on Flemish conservatives from a hostile Belgian elite ahead of the election.
WindhoekThe planned agreement between the German government and Namibia reparations is in danger of falling apart. Namibia generously accepted an official apology from German President Steinmeier, but rejected the amount of 1,1 billion euros. Instead, they want 477 billion euros.
StockholmLinda H Staaf, head of the Swedish police's national operational department, NOA, says that the police are not surprised by the enormous scope of the drug trade. But Sweden's Interior Minister Mikael Damberg claims he is very surprised.
The number of sexual offenses in Berlin reached a new high in 2020. Some 4 468 people have been victims of a sexual offense, according to a response to a parliamentary question by MP Marcel Luthe (Free Voters). A leaked study from the south of France, showed a similar rise.
