18
Jun
2025
Watch
Digital Markets, Digital Euro, Digital Identities: economical stimuli or trends toward dystopia (topical debate)
Mr President, a few US companies know everything about us as a result of our use of mobile phones and payment transactions. As a result, the US administration also knows everything about us, more than our own administrations, perhaps more than ourselves. Do we really want to give this power outside Europe? It is also about the economy – for every purchase I make, an American card duopoly collects a slice from the pockets of European companies and ultimately from European people. It seems absurd that, in this situation, politicians who market themselves as patriotic oppose the attempt to restore control to a central bank common to the peoples of Europe, under democratic control. The digital euro is not about replacing cash with digital money. It is about replacing a few big companies' digital currencies with a European democratic alternative.