What's the story with the Digital Euro? (1 Viewer)

[pete]

The move to create a digital version of the single currency began in 2020 when European Central Bank (ECB) President Christine Lagarde suggested the idea and the Frankfurt-based body launched a public consultation.

Digital euro enthusiasts say it will complement cash and ensure the ECB does not leave a gap that could be filled by private, usually non-European, players and other central banks.

Critics question the need for a digital euro and banks warn of major risks, while the ECB's own study found the public was concerned over payment privacy.

"If we are just duplicating the existing payment infrastructure with the digital euro, that is not a good enough business case. For the time being, the digital euro seems to be a solution in search of a problem," German MEP Markus Ferber told AFP.

The European Commission, the EU's executive arm, will publish a proposal today that will be the legal foundation on which the ECB could launch a digital euro.

The final law must be backed by the EU's 27 member states and the European Parliament.

The ECB is set to give the formal green light to a digital euro in October and the expectation is that it will be available from 2027 onwards.

EU to take next step towards digital euro

The EU is set to take the next crucial step towards launching a digital version of the euro, a controversial project that has come under attack from the public, politicians and banks before it even exists.

www.rte.ie

Who actually asked for this, and why? What am I missing here?

 

[magicbastarder]

no true scotsman.

 

[ann post]

Who actually asked for this, and why? What am I missing here?

This is how I feel about the chatbot.

 

[Cormcolash]

but it doesn't really sound like Kraftwerk. I always skip over that track.
and the modern version you posted is worse.

Yeah, the original is the best, it sounds better than the new version