From a payments technology viewpoint, the digital euro is unnecessary and dispensable. What is more, a digital euro carries enormous potential for political abuse. The dangers that come with digital central bank currency have actually induced the U.S. government under Donald J. Trump to ban the U.S. central bank (the Fed) from issuing a digital U.S. dollar at the beginning of 2025 and amended the central bank law accordingly. That said, people should not get fooled by promises that data protection will be guaranteed for all users of the digital euro or that its role in the payment system will be limited (for example, by maximum balance amounts). When you carefully weigh the pros and cons, the conclusion should be obvious: It is best to keep your hands off the digital euro and stop the whole thing before it is too late. Recorded 5 July 2026.

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