In theory, the EU's digital euro plans are back on track, but it's hard to find too much enthusiasm for the CBDC in the political class. jackschickler reports.
are beavering away at the technical details for a digital euro – but among political decision-makers it appears hard to muster much enthusiasm for the putative central bank digital currency .
At a meeting last week, euro finance ministers discussed “the importance of developing a compelling and clear narrative regarding what would be the added value of this development and the difference that it would make to the lives of the citizens of Europe and to the commercial activity of businesses,” saidDonohoe has been broadly positive about the project, saying in a March OpEd that issuance was inevitably needed to protect the euro’sfrom foreign rivals.
The problem may lie in the relative sophistication of the EU’s existing payment networks, which already offers regular citizens a host of digital ways to pay.
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