Policy & Ethicscentral bank digital currencypaymentseurozone
Economists Urge Parliament To Back Digital Euro
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.
Key Points
- 1Presses MEPs to approve digital euro; over 60 economists signed the open letter urging support
- 2Cites geopolitical risks and reliance on US payment systems as threats to euro sovereignty
- 3Signals policymakers to prioritize a digital euro by 2029 to bolster resilience and sovereignty
Scoring Rationale
Moderate industry-wide significance driven by credible policymaker backing, limited by being an advocacy letter without decisive legislative outcome.
Sources
Public references used for this report.
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