Rapid digitalisation, the declining use of cash and the growing influence of non-European payment providers have prompted European policy-makers to reconsider the future of money and payments. In the face of growing geopolitical tensions, the European Central Bank’s exploration of a digital euro encompasses a wider effort to ensure that Europe retains control over critical payment infrastructure.
Joachim Nagel, president of the Deutsche Bundesbank, joins John Orchard, chairman of OMFIF’s Digital Monetary Institute to discuss financial sovereignty, the future of the European Central Bank and strategic autonomy in payments.
