Finance

Paschal Donohoe calls for digital euro roll out to boost EU single market

The digital euro would be an electronic equivalent to cash, giving people an additional choice about how to pay

Paschal Donohoe has been involved in the digital euro project in his role as President of the Eurogroup of EU finance ministers.

Paschal Donohoe, the Minister for Public Expenditure, has called for the introduction of the “digital euro” to boost the EU’s single market.

During his St Patrick’s Day tour to Berlin, he said that the European single market with its free movement of goods and services was one of Europe’s finest achievements and was worth an estimated €30 billion annually to Ireland alone.

But he said that the EU member states had to further open up ...