The digital euro accounts and the associated payment operations would be offered and operated by private intermediaries, as is currently the case for the bank accounts and services that customers are already used to. The Eurosystem could rely on either traditional or distributed ledger technology for settlement activities.
Unfortunately, these market forces are the only mechanism left to set incentives for sound public finances as my perception is that the European Commission has basically given up on enforcing the rules of the Stability and Growth Pact. Ladies and gentlemen Unconventional measures not only change the risk-reward calculus of monetary policy. They also change its character.