Italy’s Cautious Embrace of Digital Euro: Balancing Sovereignty with Financial Prudence

Italy supports the European Central Bank (ECB)’s digital euro project, but demands a gradual implementation plan to avoid financial strain on its banking sector. While acknowledging the significance of this initiative as a step towards digital sovereignty, Italian banks are cautious about the substantial investment required. They seek to spread these costs over time, seeking a balance between national ambition and budgetary concerns. This position presents an interesting contrast with other European nations, like France and Germany, where resistance against a centralized digital wallet is brewing, fearing potential impact on traditional banking models.