Piero Cipollone

Europe.

The European Central Bank Executive Board member Piero Cipollone has argued that a digital euro could help protect European financial sovereignty.

The ECB is preparing for a pilot involving real transactions in 2027. with potential issuance as early as 2029, which will be here sooner than you know it.

It's subject to legislation and institutional decisions.

Where's the risk? I'll give you another example of a risk and where we could see it in another form, which is on my blog today I've mentioned the digital euro.

The European Central Bank's back on that and it's telling you, I think it's Piero Cipollone, if I pronounced his name right, I apologise to him if I haven't, that it's not there to replace cash.

Well, yes it is.

And it... plan here is to create it in a reverse sense.

And the system only makes sense once you see the whole thing.

So on September 14, this year, Piero Cipollone, he's on the ECB executive board, gives a speech at the House of the Euro in Brussels.

The title is The Future of Euro Cash, Trusted Today, Designed for Tomorrow, 25 Years of Euro Cash.

And it's a lovely speech, you know.