Eurozone finance ministers around the world issued a statement on the introduction of data to the euro after a meeting in Amsterdam. It said the Euro Group held meetings on time to discuss such potential digital monetary politics. The announcement on January 16th coincided with the release by the European Central Bank (ECB) of a "summary" document detailing the progress of the euro design plan.

The company's statement mentioned that the European Central Bank and the European Commission must inform the Eurogroup and EU countries of the progress of the establishment of the euro, which is in the process of research. The statement said:

"Euro Group feels that the introduction of data into the euro and the selection of key features and designs must be made politically, which should be considered and made from a political point of view."

The organization lists the issues it is concerned about, including the environmental impact of digital currency, personal privacy, financial stability and related issues. It has also expressed interest in plans by non-euro-zone EU countries at the digital currency level of central banks.

They ensure that team members are "always ready to contribute to these discussions", adding:

"it is also warmly welcomed that the Federation is preparing to submit a legal proposal in the first half of 2023 that would establish the data euro and control its main features, subject to collaborative due process."

The proposal is intended to be made clear before the ECB's governing board concludes that it checked the digital currency research period in the third quarter of the year.

The Eurogroup announcement came a day after a former European Central Bank consultant published an editorial in the Financial Times saying that the cost and risk of establishing a CBDC were not worth it.