JOURNAL ARTICLE

Don't Fret That Digital Euro Will Eliminate Cash, Panetta Says.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Migliaccio, Alessandra 3 of 3

Abstract

Bank of Italy Governor Fabio Panetta reassures Italians that the introduction of a digital euro will not replace physical banknotes but will complement them, expanding options and strengthening the monetary system. The European Central Bank initiated the digital euro project in 2021, with plans to finalize preparations by October pending European Union legislation. Panetta highlights the digital euro as a free, accessible, privacy-protective form of central bank money anchored to the stable value of physical cash, aiming to address current payment instrument limitations. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/04, pN.PAG
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2025
  • Accession Number:184449691
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.