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Ladies and Gentlemen Welcome to the first Bundesbank Spotlight in Berlin! What is the idea behind the new event format? We want to engage in personal exchange – with experts in their fields and with our guests. In our first spotlight , we're focusing on the digital euro. We've invited two guests to the podium, and I'm delighted they're with us today: Ramona Pop from the Federation of German Consumer Organizations and Christian Sewing, who is joining us today not only as CEO of Deutsche Bank but also as President of the German Banking Association. With the digital euro, we want to make our common currency, the euro, fit for the future. Our vision is to create a unified European payment solution that is technologically state-of-the-art, enables innovation, makes Europe more independent and resilient, and is trustworthy. In the current project phase, we are preparing to issue the digital euro during 2029. We assume that the legislation for the digital euro will be finalized by the end of this year. This legal framework is a prerequisite for the Eurosystem to begin issuing the euro. We are in close contact with political decision-makers and banks. They will be a crucial link between users of the digital euro and the Eurosystem as its issuer. And we are already engaged in close dialogue with citizens, h ECB: HAS NO NEED TO CHANGE INTEREST RATES SOON, ECB'S NAGEL TELLS FAZ