Thank you, Paschal. Good evening, everyone.
Today, we gave a briefing on the IMF and G7 meetings, focusing on the global economic impact of US tariffs. Despite the US-UK deal, uncertainty remains. Talks in Geneva between the US and China have eased trade tensions.
We remain committed to negotiating with the US but are ready to take countermeasures if needed. This period also presents opportunities for Europe.
Firstly, by leveraging our predictability and democratic values as strengths. Secondly, enhancing security and defense through our ReArm Europe Plan, unlocking €800 billion for defense. Thirdly, investing in the Single Markets potential, tearing down barriers to boost competitiveness and attract global talent.
Fourth, simplifying regulations to enhance competitiveness. Fifth, expanding global partnerships to diversify and strengthen our economic security.
Regarding the digital euro, we had a positive discussion on its progress. Its crucial for our currency to embrace digital opportunities. Legislative progress is needed to advance preparations, making it a pillar for EUs strategic autonomy.
In conclusion, the digital euro can be a cornerstone for a competitive, resilient European payment system. The Commission is committed to supporting this progress. Thank you.