A moment of glory is approaching for the single European currency. Apart from predictions that the euro will take the dollar’s place in the global financial system, discussions about creating its digital counterpart have also resurfaced. The main thing now is to turn these plans into reality.

Earlier this week, Christine Lagarde, President of the European Central Bank (ECB), urged European lawmakers to swiftly pass legislation that would enable the introduction of a digital euro. According to the head of the regulator, the legal framework paving the way for the introduction of the crypto euro "must be established as soon as possible." Let’s wish the European leaders success in tackling this complicated and crucial challenge!

Christine Lagarde also underscored the importance of timely action in this area, stating that making key political decisions will allow Europe "to harness the current momentum to improve the economic outlook of the euro area and its citizens."