Bloomberg Law
May 16, 2022, 8:37 AM

Digital Euro Can Fortify Our Monetary Sovereignty: ECB’s Panetta

Peter Flanagan
Peter Flanagan
Bloomberg News

“Public money must keep its role as a monetary anchor in the digital era,” European Central Bank Executive Board member Fabio Panetta says in speech.

  • “A digital euro would fortify our monetary sovereignty and provide a form of central bank money for making daily digital payments across the euro area, just like cash for physical transactions”: Panetta
  • “We will ensure that cash remains available. But if the current trend continues, we could face a future in which cash loses its central role and its ability to provide an effective anchor as consumers turn to digital means of payment”
  • “We cannot ...

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