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EU Central Bankers Back Digital Euro as Tariffs Threaten Growth

Tariffs risk undermining growth, making a secure digital euro essential for safeguarding EU sovereignty.

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Overview

  • Fabio Panetta condemned President Trump’s use of tariffs as “not rational,” arguing that protectionist measures have never delivered lasting prosperity.
  • Panetta and François Villeroy de Galhau warned that the collapse of a multilateral framework is giving way to a power-driven multipolar world.
  • Speakers highlighted the digital euro as a risk-free, central bank currency identical in value to cash, necessary to uphold EU monetary sovereignty.
  • Delegates stressed that extreme economic inequalities impede growth and called for coordinated EU policies on wages, taxation and education to promote social mobility.
  • José Luis Escrivá and other leaders urged preserving central bank independence and advancing EU financial integration to bolster resilience amid global tensions.