France’s Le Maire Sees Progress On ECB Digital Currency Next Year

Updated : 2019-11-09T07:26:23

France’s Finance Minister Bruno Le Maire said on Friday (Nov 8) there could be progress next year on the feasibility of a digital currency backed by the European Central Bank (ECB), but acknowledged the plan was for the long term and faced challenges.

He also told a news conference in Brussels that he backed proposals from Germany’s Finance Minister Olaf Scholz to link progress on an Europe-wide bank deposit guarantee scheme to banks’ reduction of their exposure to sovereign debt.