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July 25, 2021
In July, the Frankfurt-based European Central Bank (ECB) surrendered to a growing demand for digital currencies and offered up a calendar of development for the digital euro. The new digital currency, which will compete with private sector counterparts such as Bitcoin as well as government-backed fiat ones such as the Chinese digital yuan, e-CNY, may become a reality in five years or so, according to the plan.
The ECB foresees two years for an investigation phase that includes focus groups and prototyping. The product that emerges from the process will then need to be ratified by the ECB governing council. Implementation measures over another three years will follow. The digital euro will also require legislative changes, because it is not included in existing EU treaties.
Spaniard first but not last woman to join German blue-chip CEOs
Issued on:
02/05/2021 - 05:22 Belen Garijo will become the first woman to singlehandedly run a DAX 30-listed company from May STR APEC PERU 2016/AFP/File 4 min
Frankfurt (AFP)
Belen Garijo will take over as CEO at German pharmaceuticals giant Merck from May the first woman to singlehandedly run a DAX 30-listed company as Europe s top economy debates quotas for greater boardroom equality.
Spanish-born Garijo, 60, currently serves as the group s deputy chief executive officer and head of its healthcare unit and says she s not content to be a one-off.
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