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Five Reasons Why Euro Area Citizens Should Be Terrified By the ECB’s (Apparently) Fast Approaching Digital Euro
Corbishley, Nick http://www.nakedcapitalism.com/2025/03/five-reasons-why-europeans-should-be-terrified-about-the-ecbs-apparently-fast-approaching-digital-euro-2.html
Publisher: naked capitalism
Date Written: 25/03/2025
Year Published: 2025
Resource Type: Article
The European Central Bank is eager to roll out the digital Euro which may have drawbacks for citizens of the European Union.
Abstract:
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Excerpt:
"As we warned back in 2022, the mass development and rollout of central bank digital currencies would represent (and this, I believe, is not hyperbole) a financial revolution that threatens to radically reconfigure the very nature of money itself. And let’s be clear: this will not be a bottom-up revolution. There are no European citizens marching in the streets calling for a digital euro, for the simple reason that most people already believe they are using a digital euro currency every time they pull out their card or mobile phone."
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