ECB says Lagarde exit will not delay digital euro project

The early departure of Christine Lagarde as president of the European Central Bank will not hold up the digital euro project, Euronews reported. Alessandro Giovannini, an adviser to the program manager of the digital euro project, spoke at the Web Summit technology conference in Lisbon on Tuesday. [1]

Giovannini pointed to a pilot project scheduled for next year and a commitment by officials in Brussels to agree on the governing legislation by the end of 2026. He also dismissed concerns that the digital euro project threatens the privacy of citizens, according to Euronews. [1]

Brussels serves as the seat for European Union institutions whose policies affect 450 million people. All member states of the European Union, except Denmark, are required to adopt the euro as their sole currency once they meet specific economic and legal criteria. [4][5]