Exclusive Interview with Les Echos

Fabio Panetta, Member of the Executive Board of the ECB, discussed the progress of the digital euro project in an interview with Karl de Meyer. The ECB is currently studying the design, distribution, and impact of the digital euro, with a team of around 50 people working on the project. The European Commission is expected to present a legislative proposal in June, which will provide the regulatory framework for the digital euro. The Governing Council will then decide in October whether to launch a preparation phase, which could last two or three years. If approved, the digital euro could be launched in three or four years.

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