But they should always have the option to use it. Just like they do with cash today. You, as European legislators, will take decisions that will be key to us achieving this objective. Therefore, in my remarks I will look at the digital euro also from a regulatory angle.
That is, if entrepreneurs have not given up starting a business in the meantime, as it takes on average 27 days to set up a new business in the euro area, compared to just 5 in the US 11 . I always had respect for entrepreneurs, but it’s getting larger in view of the red tape they have to cut through.