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  06 July 2023  
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Economic and Financial Affairs

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In this issue
Top story
Single Currency Package: new proposals to support the use of cash and to propose a framework for a digital euro

The Commission has put forward two proposals to ensure that citizens and businesses can continue to access and pay with euro banknotes and coins across the euro area, and to set out a framework for a possible new digital form of the euro that the European Central Bank may issue in the future, as a complement to cash.

 
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Viewpoint
Paolo Gentiloni, Commissioner for Economy

“Together with our proposal for a legal framework for a digital euro, today we are also taking action to safeguard the role of cash in our society.”

News
Eurobarometer: Majority of citizens in non-euro area Member States say the euro is good for the economy

According to the latest Eurobarometer survey, the majority of citizens (60%) in EU Member States which have not yet adopted the euro believe that the common currency has had a positive impact on Member States which already use it. A majority also believe that the introduction of the euro would have positive consequences for their own country (53%) and for them personally (56%).

 
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Commission report highlights smooth and efficient introduction of the euro in Croatia

A Commission report on the introduction of the euro in Croatia concludes that the changeover was smooth and efficient. The report finds that preparations for the changeover went according to plan, and that the public information campaign co-financed by the Commission provided timely, targeted and concise information to citizens.

 
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NextGenerationEU: Commission endorses a partially positive preliminary assessment of Romania's second payment request under the Recovery and Resilience Facility

The Commission has endorsed a positive preliminary assessment of part of the milestones and targets linked to Romania's second payment request under the Recovery and Resilience Facility. The 47 milestones and 2 targets that have been satisfactorily fulfilled demonstrate progress in the implementation of Romania's recovery and resilience plan.

 
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NextGenerationEU: Commission approves revised recovery and resilience plans for France

The Commission has adopted a positive assessment of France's amended recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth almost €40.3 billion in and covers 24 reforms and 73 investments.

 
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NextGenerationEU: Commission endorses Malta's €328 million modified recovery and resilience plan, including a REPowerEU chapter

The Commission has adopted positive assessment of Malta's modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth €328 million and covers 31 reforms and 16 investments.

 
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NextGenerationEU: Commission endorses Slovakia's revised recovery and resilience plan, including a REPowerEU chapter

The Commission has adopted positive assessment of Slovakia's modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth €6.4 billion in grants and covers 64 reforms and 60 investments.

 
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NextGenerationEU: Commission endorses Ireland's revised recovery and resilience plan

The Commission has adopted a positive assessment of Ireland’s request to modify its plan with targeted amendments to two measures. The measures aim to encourage private investment in energy efficiency and increase the supply of social and affordable housing.

 
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InvestEU: European Investment Bank extends €50 million loan for a new grain terminal at Bulgaria's Black Sea port of Varna

The European Investment Bank (EIB) has signed an agreement, backed by the InvestEU programme, for a €50 million loan to co-finance a new grain terminal at the Black Sea port of Varna, in Bulgaria. The project will support food safety, promote less carbon intensive maritime transport, and boost economic growth in the region.

 
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Speeches
Remarks by Executive Vice-President Dombrovskis and Commissioners Gentiloni and McGuinness on the digital euro and the legal tender of euro banknotes and coins
Quote As Europe moves towards a true digital economy, it is time for the euro to reflect and adapt to the digital age, to keep up with innovation and advances in technology.
 
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Real Economy by Euronews
Do we need the digital euro?

The most recent episode of Real Economy examines the digital euro. The episode features an interview with Commissioner for Financial Services, Financial Stability and Capital Markets Union, Mairead McGuinness, who explains the challenges of creating this new currency and why we need a digital euro.

 
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Events and notices
New EU recruitment competition for economists
The European Personnel Selection Office (EPSO) has opened a new specialist competition for economists. If you want to work in a multi-cultural and dynamic environment at the forefront of European economic analysis and economic policy-making, you can check out the website for further details. The deadline for applications is 25 July 2023.
 
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Call for papers: 12th Annual CompNet Conference
Researchers are invited to submit papers ahead of the 12th CompNet Annual Conference on the theme of "Firms’ performance in challenging times: Input costs, Technology, Productivity, and Market Power." The deadline for submissions is 7 July 2023. The conference will take place in Brussels on 19-20 October 2023.
 
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This newsletter is published by the European Commission's Directorate General for Economic and Financial Affairs. The Directorate‑General for Economic and Financial Affairs is the Commission department responsible for EU policies promoting economic growth and recovery, higher employment, stable public finances and financial stability.

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