I will therefore limit my comments today to the features that are necessary to preserve the stability of the financial system, leaving comments on other crucial issues for another time. A digital euro should be an efficient means of payment, domestically and internationally.
But crucially, in order to preserve stability, it should be designed in a way that prevents it from being used as a form of investment. A number of possible design features could satisfy these principles. One option would be to limit the amount of digital euro individual users can hold.