The ‘digital euro does not appear to be the solution to any of these problems’ is a familiar refrain in central bank digital currency discussions with incumbent commercial bank and payments players, but is perhaps unexpected from the man charged with piloting digital euro legislation through the European Parliament. The challenges range from the decline of cash use, the dominance of non-European players in payments to the anticipated rise of stablecoins. Fernando Navarette, the ‘rapporteur’ in question, is challenging the European Central Bank project head on, lobbying instead for a commercial bank-oriented answer, ... (full story)