Christine Lagarde, President of the European Central Bank ECB, claims for greater commitment to the introduction of a European digital currency. Giesecke+Devrient supports the initiative and calls for faster action at European level.
Monetary sovereignty is both a key asset and important prerequisite for the prosperity, stability, independence and welfare state of European countries. However, it is increasingly under threat from digital currencies that are uncontrollable as well as ungovernable. At the autumn conference of the Deutsche Bundesbank, Christine Lagarde therefore warned once again against falling behind in the race for their introduction. The growing demand for digital currencies can no longer be ignored and the field be surrendered to external big players.
"We welcome and fully support Mrs. Lagarde’s approach to a digital euro," Ralf Wintergerst, Chairman of the Management Board and Group CEO of Giesecke+Devrient affirmed.
"At the same time, we would now like to see much faster action at European level. In the digital world, speed is the most important factor. That is why we must now focus on a digital currency together before it is too late. There is no doubt that we have the technological know-how and the innovative strength to preserve our fiscal sovereignty,” he added.