<ul><li>Europe needs a digital version of its currency (digital euro) to protect its financial independence.</li><li>Philip Lane, Chief Economist at the European Central Bank (ECB), emphasizes the importance of a digital euro to counter the rising popularity of stablecoins and foreign payment systems.</li><li>A digital euro would enable Europe to have more control over its financial system and reduce dependence on payment services from abroad.</li><li>The European Central Bank sees the digital euro as crucial for maintaining Europe's fiscal autonomy and preventing foreign stablecoins from dominating the region.</li></ul>

Digital Euro Needed To Protect Europe’s Financial Sovereignty, ECB Expert Says

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