MNI BRIEF: EC Move To Boost EUR Global Role Welcome: Eurogroup

A currency goes to the heart of sovereignty and the Commission's different initiatives to promote a stronger role of the euro on the international scene was a welcome move, Eurogroup head, Irish Finance Minister Paschal Donohoe, told ECON Monday, adding that the euro area's response to the pandemic should bolster the attractiveness of the euro as an international currency.

"A stronger international role of the euro is good for Europe and for the global economy. I see it as an extra motivation for us to continue our efforts to deliver a solid, inclusive and future-proof recovery," he said.

Donohoe also said Eurogroup is following developments in digital finance and how these could impact the euro area economies, in particular the ECB's work on a possible digital euro. "The Eurogroup is keen to engage with the ECB on this matter," he said