On Breakingviews: Developing a digital version of the euro – the world’s second largest reserve currency – carries risks for the technocrats tasked with maintaining financial stability, writes rebeccawire
The ECB is keenly aware of such dangers. Executive Board member Fabio Panetta, the point person on the project, has said the digital euro is intended to be a method of payment but not a store of value, requiring caps on holdings and payment size. The ECB’s main
The euro does not need a digital currency, but its members have signalled they want one. The ECB’s job now is to make sure it does no harm. That requires expansionist politicians to get back in their lane.Euro area finance ministers issued a statement on the so-called digital euro on Jan. 16, calling for political oversight and an international approach of a European central bank digital currency .
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