On Tuesday 8 April, Piero Cipollone, a member of the ECB’s Executive Board, set out a number of arguments in favour of introducing the digital euro, the main one being to “strengthen the strategic autonomy” of the euro area in a European payments market that is becoming increasingly dematerialised and marked by the growing role of non-European service providers.
“Excessively relying on foreign providers undermines our resilience and compromises our monetary sovereignty. (...)...