EU needs digital euro to become independent from US, says EU's Dombrovskis
Government
BRUSSELS, Jan 28 : The European Union needs to quickly create a digital euro to cut the bloc's dependence on dominant U.S. payment companies, Economic Commissioner Valdis Dombrovskis said on Wednesday. The European Central Bank has been working to introduce a digital euro since 2020 to modernise its payment system and ensure central bank money remains relevant in an increasingly digital world. Progress has been slow, partly because of a lack of political urgency in Europe and some resistance
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