Introducing the digital euro is now \”problematic\”

• Spaas: “The name is a bit misleading. Most of the Euros we know today are actually digital, they’re in your bank account. This digital Euro is different because it works without banks. It’s a system that emanates directly from the European Central Bank. It would be like cash in your wallet, but in the form of My number. There will be a way to use it if you don’t have internet.”
• “The digital euro was seen as a way to stimulate inflation. At that time there was very little inflation according to most economists. A savings account cannot go negative because people will withdraw their money in cash. On a digital euro one can apply some kind of negative interest from a distance , and withdraw money. The other benefit was anti-money laundering, everything is traceable.”
• Today the atmosphere has completely changed. We now have a lot of inflation. Now there is more doubt. Many countries do not trust him. Slovakia has just laid down in its constitution that cash with banknotes and coins should remain possible in perpetuity,” says Spice. Right now, only the European Commission is strongly in favor. He is now taking that up to the Cabinet.”

Unlimited limits

• “If I paid you, you wouldn’t need to know where that money went before. If we had to keep track of everything, the economy would come to a halt. It runs counter to the various goals that Europe has set for itself in terms of protecting privacy. It’s a problem.”
• Each European should only be allowed to hold 3,000 digital euros. Who says next year won’t be 5,000 euros? Especially if our banks get into trouble again, who says they won’t be unlimited then? So there’s a lot of mistrust, Spice sums up.

(Acronym II.)