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'What's the point?' — EU lawmakers sink teeth into digital euro (www.euronews.com)

submitted 11 months ago by Sagan@eslemmy.es to c/europe@feddit.de

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[–] maynarkh@feddit.nl 2 points 11 months ago (1 children)

It's all just debt. So when they got rid of the gold standard, we went from "this debt we have to you is secured by our stockpiles of gold" to "trust me bro, we won't go bankrupt". It would be the same with a CBDC.

Basically the digital Euro would be secured by the fact is if it wasn't secured, the Eurozone would collapse, so states and the EU at large is interested in staying solvent.

[–] illi@lemm.ee 2 points 11 months ago

This is great, you really dumbed it down for me, lol. Thanks!