The European Central Bank is dragging its feet with its five-year timeline for its decision on the digital euro, according to Paul Tucker, former deputy governor of the Bank of England. The ECB launched a two-year investigation phase in July 2021. Once completed, it will decide on whether or not to develop a digital euro, targeting deployment around 2026. Tucker said in an OMFIF keynote speech on 18 November: ‘These big questions don’t take five years. They take the right people having a handful of meetings over a few months, not five years.’ Nevertheless, he praised the ECB’s decision to investigate the possibility ... (full story)