The euro zone economy is still standing on the "two crutches" of monetary and fiscal stimulus and these cannot be taken away until there is a full recovery, European Central Bank President Christine Lagarde said on Wednesday. "Think of a patient which is out of a deep crisis but still on two crutches," Lagarde told a Reuters Breakingviews event. "You don't want to remove either crutch, the fiscal or the monetary, until the patient can actually walk fine and to do that means support well into the recovery."
Privacy is the number one thing Europeans want out of a digital euro.
FRANKFURT (Reuters) -Euro zone citizens expect the European Central Bank's proposed digital euro to be private, safe and cheap, a survey showed on Wednesday, as the ECB warned that any launch was still several years away. The ECB is studying an electronic form of cash to complement banknotes and coins in a bid to stem competition from cryptocurrencies such as Bitcoin, Tether and Facebook’s proposed Diem. An ECB consultation showed that privacy, a key feature of cash that some fear will get lost when switching to an electronic means of payment, was the number one priority for both private individuals and professionals.