The digital euro could arrive by 2029 — but a bitter battle between Brussels and the banks stands in the way.

  • Etnaphele@lemmy.world
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    4 days ago

    “It’s as if cash did not exist, and the industry argued it was unfair because merchants have to accept it, and users don’t pay a fee,” Peter Norwood, a researcher at Finance Watch, a European non-profit that aims to reform finance in the public interest, told Euronews.

    “Cash is a public good. That is what the digital euro is meant to preserve in the digital age.”

    The only obstacle to this very great thing are the lobbying bastards who just want to continue hoarding cheap money. And it appears there one Spanish ex-banker - Navarrete - in the EPP sweating since years to slow it down. I wish him all the worse.

    Why do Europeans vote more and more self interested pricks who work actively against European welfare? The idiocy.

    • huppakee@piefed.social
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      4 days ago

      And it appears there one Spanish ex-banker - Navarrete - in the EPP sweating since years to slow it down.

      He must be loaded by now.