Definition ∞ Eurosystem preparation denotes the collective efforts undertaken by the European Central Bank and the national central banks of the Eurozone to prepare for the potential issuance of a digital euro. These preparations involve extensive technical research, policy formulation, and public engagement. They aim to ensure a smooth and effective introduction of a digital currency.
Context ∞ News outlets frequently report on the various stages of Eurosystem preparation, including pilot programs and public consultations. These initiatives address potential impacts on monetary policy, financial stability, and payment system efficiency. The thoroughness of this preparation is critical for the successful integration of a digital euro into the European financial landscape.
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