ECB says Lagarde's exit will not delay the digital euro as Brussels negotiates the law

Detailed summary

Christine Lagarde's early departure will not delay the digital euro, a European Central Bank official stated at the Web Summit in Lisbon, citing the pilot due next year and a pledge by Brussels to agree the law by the end of 2026, while dismissing fears the project threatens people's privacy.

Christine Lagarde's early exit as president of the European Central Bank will not hold up the digital euro, an ECB official said on Tuesday at the Web Summit in Lisbon, one of Europe's largest technology conferences.Alessandro Giovannini, adviser to the programme manager of the digital euro project, pointed to the pilot starting next year and a commitment by EU lawmakers to agree the law by the end of the year."I'm not afraid that any change or anything will impact it, because this is a strategic project," Giovannini stated at a panel moderated by Euronews, calling the digital euro "a European project" rather than the ECB's alone.Lagarde announced last month that she would step down on 7…

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