Cipollone: Digital Euro Essential for Payments Sovereignty Amid Geopolitical Tensions

Piero Cipollone, a senior official at the European Central Bank (ECB), has highlighted the growing importance of establishing a European-controlled payments system. He asserts that escalating geopolitical tensions around the globe create a pressing need for financial sovereignty.

Cipollone’s remarks underscore the urgency for Europe to develop its own digital euro as a response to the increasingly 'weaponized' dynamics of international relations. By implementing a digital euro, the ECB aims to fortify Europe’s position in the global financial landscape.