00:00On the digital euro, I would like to really command and express gratitude to our president of the Eurogroup, to his team, and to all those who have worked long and hard during the summer to make sure that we arrive at a compromise solution that both secures the institutional competences of all institutions,
00:22addresses the concern of those who think, rightly so, that the digital euro is not just a means of payment, it is also a political statement concerning the sovereignty of Europe and its capacity to handle payment, including on a cross-border basis, with a European infrastructure and solution.
00:43So, what has been discussed and approved unanimously inside the room, which included Eurogroup members, but also non-Eurogroup members, is the starting point of further work that will continue to be done both at the European Parliament, we're very anxious to see that moving fast,
01:05and what will be conducted at the council level, and of course, amongst technical experts.
01:11So, this was, from my perspective as president of the ECB and a strong advocate of the digital euro, together with my colleague, Piero Cipollone, a good step in the direction that we hope will be completed in as short order as possible.
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