Piero Cipollone

Piero Cipollone, an Executive Board member at the European Central Bank, and Pablo Hernández de Cos, a Bruegel Senior Fellow, dive into the intricacies of the digital euro. They discuss its necessity in the EU, exploring financial stability, holding limits, and the legislative journey since June 2023. The conversation highlights how conditional payments could revolutionize transactions and emphasizes the balance between public and private money. Listeners gain insights into the potential impact of Central Bank Digital Currencies on the future financial landscape.

Aidas Palubinskas, host of the EU Finance Podcast, teams up with Piero Cipollone, an ECB Executive Board member, to dive into the concept of the digital euro. They explore its potential to modernize payments without replacing cash, addressing security concerns and misconceptions surrounding data privacy. Cipollone explains the differences between current digital options and central bank money, highlighting how the digital euro could enhance efficiency while maintaining public choice. Finally, they discuss the anticipated timeline for its rollout.

Piero Cipollone, EZB-Vorstand für Zahlungsverkehr und Währungsinfrastruktur, erklärt den digitalen Euro in Krisenzeiten. Er spricht über den richtigen Zeitpunkt, Resilienz und europäische Souveränität. Themen sind Abhängigkeiten heutiger Systeme, Alltagstauglichkeit mit Offline-Funktionen, Datenschutzgarantien und die Rolle von Banken sowie Kosten und europäische Wertschöpfung.