European banking remains fragmented, leaving billions of euros inefficiently allocated. Gyöngyi Lóránth, Anatoli Segura and Jing Zeng argue that a common deposit insurance system can encourage more risk-taking, but this should be accompanied by sufficiently strict supervision
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Stablecoins are not an efficient way to strengthen the international role of the euro, says Christine Lagarde. The best solution to do so remains: deeper capital market integration through the savings and investment union and a stronger safe asset base
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A new phase of digital finance is taking shape, says Piero Cipollone. The ECB aims to achieve an integrated European market for digital assets, with safe central bank money as the backbone of the system
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Calls for a digital euro increasingly invoke monetary sovereignty. Lucrezia Reichlin argues that an effective defence of monetary sovereignty will continue to depend on regulation, fiscal capacity, and the ECB’s willingness to absorb risk when it matters
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As the world continues its digital transformation, the ECB is moving toward the launch of the digital euro – a central bank-issued currency that offers a universal, secure payment method for everyday use. Piero Cipollone discusses how a digital euro would support Europe’s strategic autonomy and monetary sovereignty
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There are moments when foundations that seem unbreakable begin to shift, says Christine Lagarde. She believes the euro could become a viable alternative to the dollar, earning the EU immense benefits, if governments could strengthen the bloc’s financial and security architecture
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For central banks to fulfil their mandates they must take account of the natural environment. Frank Elderson discusses the looming economic crisis from nature loss and the risk sitting on company and investor balance sheets
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A sovereign Europe needs a future-proof currency, says Piero Cipollone. This what the digital euro offers – it will support innovation, reduce reliance on foreign providers and ensure secure digital payments for all
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The digital euro is not just about creating a new form of money, says Philip R Lane. It is about ensuring that Europe retains control over its monetary and financial destiny in the digital age against increasing geopolitical fragmentation
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The level of uncertainty is exceptionally high. Christine Lagarde says maintaining stability in a new era will be hard, and will require an ability to react as necessary
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