⚠️🇪🇺 KEEP CALM AND CARRY CASH ECB RECOMMENDS KEEPING CASH TO FACE CRISES 🇪🇺⚠️
In the speech of the President of the European Central Bank, Christine Lagarde, regarding a potential crisis, I report what the warning to Europeans from the Central Bank was.
The European Central Bank (ECB) has recently issued an important warning: European citizens should begin to keep a supply of cash sufficient to cover at least 72 hours of essential expenses.
This, contained in a report on the resilience of payment systems, does not stem from an immediate alert, but from the need to prepare for extreme crisis scenarios such as digital blackouts, cyberattacks, or banking crises that could block electronic payments.
In these situations, cash would remain the only reliable means to purchase essential goods such as food, medicine, and fuel.
The ECB emphasizes how Europe is heavily dependent on digital payments, but urges not to underestimate the importance of cash as a safety net in emergencies.
The recommendation suggests a sum between 70 and 100 euros for each family member as an emergency cash fund to keep at home.
This indication appears as an admission of the vulnerability of the digital infrastructures on which the European economy relies, especially in times of systemic crises.
The ECB, in fact, while promoting the project of the digital euro, sends a clear signal: that digital future is fragile and may not work in emergency situations.
The feared scenarios include power outages, large-scale cyberattacks, and geopolitical risks such as wars.
The ECB's invitation is therefore a message to make citizens aware and prepared for possible difficulties that could limit access to electronic money for days.
In essence, the ECB advises not to rely solely on digital means, but to be ready to use cash in case of a severe crisis.