Policy & Ethicscentral bank digital currencypaymentseurozone
Economists Urge Parliament To Back Digital Euro
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6.2
More than 60 economists wrote an open letter to members of the European Parliament urging them to back the proposed digital euro ahead of a vote later this year. The letter, reflecting ECB advocacy and plans for the currency to be operational by 2029, cites geopolitical risks and dependence on US payment systems as rationale. Major banks, including BNP Paribas and Deutsche Bank, warn it could hinder private-sector payment competition.
Scoring Rationale
Moderate industry-wide significance driven by credible policymaker backing, limited by being an advocacy letter without decisive legislative outcome.
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