Digital euro ‘only defence’ against deepening US control of money, economists warn
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Economists, including prominent figures like Thomas Piketty, are urging Members of the European Parliament (MEPs) to stand firm against what they describe as shortsighted lobbying efforts opposing the digital euro initiative. They argue that the digital euro is essential to counteract increasing U.S. influence over global financial systems. The call to action emphasizes the need for Europe to maintain monetary sovereignty in the face of external pressures.
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The discussion around the digital euro comes amid rising concerns over the U.S.'s growing control over global finance, particularly as digital currencies gain traction worldwide. The European Central Bank has been exploring the feasibility of a digital euro as a response to these challenges, aiming to provide a secure and efficient means of payment for EU citizens.
This article reflects the opinions of the authors and does not necessarily represent the views of the Financial Times.
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