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70 Academics Urge EU to Prioritize Digital Euro for Autonomy

1/12/2026

Summary

Story summary

Seventy European academics urged EU legislators to back a comprehensive digital euro, warning of dependence on US payment systems.
They say the digital euro should prioritize public interest, be fee-free, and ensure universal access.
They warn that without a robust digital euro, foreign processors could dominate, raising costs and reducing financial autonomy.
The plan requires interoperability across Eurozone nations and cash availability for vulnerable populations, with the ECB targeting 2029.

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Story summary

Seventy European academics urged EU legislators to back a comprehensive digital euro, warning of dependence on US payment systems.
They say the digital euro should prioritize public interest, be fee-free, and ensure universal access.
They warn that without a robust digital euro, foreign processors could dominate, raising costs and reducing financial autonomy.
The plan requires interoperability across Eurozone nations and cash availability for vulnerable populations, with the ECB targeting 2029.