Germany and four other EU countries are driving the digital euro



ECB headquarters in Frankfurt

The European central bank is working on the introduction of a digital currency.

(Photo: REUTERS)

Brussels, Frankfurt The federal government is campaigning for the introduction of a digital euro. "The digital euro could play a crucial role in strengthening the strategic autonomy of the European Union and in promoting innovation in the financial sector," says a strategy paper that Germany, France, Spain, Italy and the Netherlands wrote together a few days ago. The document is available to the Handelsblatt.

Behind the push of the five euro countries is the fear that without their own European offer, other digital currencies will gain in importance in Europe. At the same time, the power of international credit card companies in the European market could continue to grow. The payments revolution may even be so profound that the monetary policy of the ECB loses its economic steering power.

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