Economists Urge MEPs to Back Digital Euro in Official Open Letter

A coalition of seventy economists and policy experts has issued a call to European Parliament members to support the development of a digital euro that prioritizes the public interest. They emphasize that such a move is vital for maintaining Europe’s monetary sovereignty and ensuring access to central bank money in an era increasingly dominated by digital transactions and reduced reliance on cash.

Sentiment: Supportive of a public digital euro

Price impact: Neutral, as the development is at an early stage with policy debates ongoing

Trading idea (Not Financial Advice): Hold, pending further regulatory developments and market adoption

Market context: The push for a digital euro aligns with broader discussions on digital currencies and resilience of sovereign monetary systems amid global digital transformation