Digital euro package should be focus of next EU Commission - McGuinness

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo

BRUSSELS (Reuters) - The European Union's financial services chief said on Wednesday that a draft law to underpin a digital euro should not be rushed out ahead of European elections next June and instead be examined "quietly and slowly" for the new Commission.

The draft law is an attempt to preserve public money by creating a digital euro that is cash-like and usable offline. The legislative timetable typically grinds to a halt ahead of European Parliament elections and until a new EU executive is appointed later in the year.