BRUSSELS – The European Central Bank’s proposed digital euro is not merely another technological upgrade. In the face of US President Donald Trump’s antagonism toward the European Union’s regulation of Big Tech, and the European project as a whole, the digital euro represents a critical opportunity to advance digital sovereignty and fair competition on the continent. But to gain the trust of European citizens and businesses before its possible launch in 2029, the digital euro must be sovereign, public, and inclusive.

© Project Syndicate