US Edition
Hidden Risks of Digital Euro
6 Articles
6 Articles
The money paid on the citizens' wallets would remain out of the availability of the institutions. They will spend billions on management.There is an enemy of the banks that is wandering around Europe.The path that will lead to the launch of the digital euro continues unstoppable now that the finance ministers of the European Union ...
KIRILL KUDRYAVTSEV / AFP Talking to a European bank manager about the European Central Bank's (ECB's) digital euro project is taking the risk of putting him in a bad mood. "When central bankers become crusaders, I don't trust!" said one of them. For his part, the president of the Mutual Credit Alliance of France, Daniel Baal, who presides over the French Banking Federation for a year, does not miss an opportunity to denounce "a solution that see…
A digital euro could drain up to 700,000 million euros in deposits during a massive withdrawal of funds from commercial banks, which would push a dozen euro area credit institutions into a liquidity crisis, as shown on Friday by a simulation by the European Central Bank (ECB).The study, requested by European legislators, was aimed at assessing the risks that a digital currency, essentially an electronic wallet guaranteed by the ECB, would pose t…
Digital euro could affect commercial banks
European finance ministers agreed on a plan for the introduction of the digital euro last month, but they reserved the right to decide when to launch it and what the limit would be per user. This move has attracted the attention of analysts, as the digital euro can have a significant impact on the banking sector, especially commercial banks. Simulations by the European Central Bank (ECB) showed that in the most extreme scenario, when the limit p…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
