Europe needs the digital euro
The EU’s current push for strategic autonomy means little if it does not extend to payment systems
Add BT as a preferred source
[BERKELEY] After years of preparation, the European Union’s three governing bodies – the European Parliament, the European Council and the European Commission – are finally ready to begin formal negotiations on the digital euro.
When they do, a project once conceived as a technocratic modernisation of monetary infrastructure will become one of the most politically contested items on the bloc’s agenda.
The Commission and the European Central Bank (ECB) have described the digital euro as an effort to adapt fiat currency to the digital age. That framing, while incomplete, carried the project through the technical preparation phase. It will not carry it much further.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Back to Earth for SpaceX? Why the US$2 trillion titan shed US$600 billion in 3 days
