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Erik Fossing Nielsen's avatar

Many thanks! - What a wonderful summary of Sintra.

I was - again - struck by the ECB’s lonely stance on CBDC. I continue to see it as solution looking for a problem, although dependence on a unreliable US may now be “that problem” (ie a European retail payment system would be “the solution” spinning off the digital euro - although a payment system really shouldn’t be inside a central bank).

I look forward to your thoughts on stable-coins. Today’s FT Alphaville has a detailed “hold your horses” assessment. Lorenzo Bini-Smaghi has a more optimistic view in his FT column, in which he calls for European leadership and action.

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