• Last but not least, a digital euro could play a part in the development of pan-European digital ecosystems. Should the Eurosystem opt to introduce a central bank digital currency, we need to think through the consequences carefully.
Central banks and supervisors need to analyse potential risks to the real economy, financial stability and monetary policy, weigh up conflicting objectives and come up with a design that best takes account of all of these factors. The digital euro needs to be an attractive means of payment for all – for households, merchants and other businesses alike.