The Digital Euro - A documentary produced by Plot11 Germany on the opportunities, risks and uncertainties that a digital currency brings.
From central banks to private individuals to investment bankers, there are all kinds of different interests in implementing a digital currency in Europe. Privacy, fungibility or volatility play a central role for different stakeholders.
Digitalization is now noticeable in all areas of our lives and has already changed the way we pay. A digital euro would be a symbol of progress in Europe and European integration. It would be issued as money in electronic form by the Eurosystem of the ECB and the national central banks of the euro area and could be used by individuals and businesses alike.
It would not replace cash, but complement it.
Some of the subject matter experts on cryptocurrencies, the financial market, and digitization who have spoken in this documentary are:
Ravi Menon (head of Central Bank Singapore)
Martin Chavez (former CFO of Goldman Sachs).
Brian Brooks (chairman monetary auditor of the U.S.)
Christine Madeleine Lagarde (ECB chief)
The opinion of German companies on the introduction of a digital currency is quite clear. 78 percent,- that is, three quarters of all companies with 50 or more employees, are in favor of the introduction of a digital euro. Only one in five companies, 20 percent, consider these plans to be unsuccessful. That is the result of a recent survey of 652 companies in all sectors in Germany from 2021. Above all, the possibility that other private digital currencies might otherwise come into use, which could undermine European values, speaks from the point of view of the companies, for a digital euro.
Produced by: Plot11 Germany
Production Year: 2021
Country: Germany
Language: English