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European Central Bank tries to quell Germans' doubts about digital euro

Published 03/25/2021, 07:37 AM
Updated 03/25/2021, 09:20 AM
European Central Bank tries to quell Germans' doubts about digital euro

The European Central Bank, or ECB, has been investigating the possibility of launching a digital euro project within five years to complement existing central bank money. But whereas high-profile leaders such as ECB president Christine Lagarde have been largely positive about the prospect, officials from Germany's Bundesbank have remained unconvinced.

In a new op-ed for the Frankfurter Allgemeine Zeitung, ECB board member Fabio Panetta and fellow official Ulrich Bindseil attempted to tackle some of the Germans' misgivings head on:

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