The ECB takes the final decision on the digital euro tomorrow


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Nobody sees it entirely clear but there is no doubt that Europe cannot afford to be left behind. In this context, the European Central Bank will take this Wednesday
the final decision on the creation of the digital euro
. “We expect the ECB to give the go-ahead to a two-year design phase, followed by another three-year test phase,” advances analyst Guido Zimmermann, from Landesbank Baden-Württemberg (LBBW), during the presentation of a study about the new digital currency. “If the design is good, the Digi-Euro will certainly be welcome”, hopes Zimmermann, which argues that the euro zone will face increased currency competition in the future. As the economist Friedrich August von Hayek has already noted,

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