This wish for deeper integration is not only a philosophical pretension but also evident in the attitudes of European citizens. Surveys indicate that, on average in euro area countries, more than 80 per cent of euro area citizens are in favour of greater policy coordination between countries to overcome the crisis.
That is why several working groups in the Eurosystem are testing possible technical designs of a digital euro and analysing the economic implications of its issuance. There are various challenges that need to be tackled. To name some key aspects: We have to address the risks a digital euro might pose to financial stability and monetary policy.