Europe

8484 readers

1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

Be nice to each other (e.g. No direct insults against each other);
No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
No posts linking to mis-information funded by foreign states or billionaires.

Also check out !yurop@lemm.ee

founded 1 year ago

MODERATORS

poVoq@slrpnk.net

'What's the point?' — EU lawmakers sink teeth into digital euro (www.euronews.com)

submitted 8 months ago by Sagan@eslemmy.es to c/europe@feddit.de

32 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] illi@lemm.ee 1 points 8 months ago* (last edited 8 months ago) (1 children)

Thanks, this helps a bit. But I hve a follow up question if you don't mind: how is it backed exactly? I understand the gold standard (money being backed by gold) is not really applied anymore? Or is it just to a point?

[–] maynarkh@feddit.nl 2 points 8 months ago (1 children)

It's all just debt. So when they got rid of the gold standard, we went from "this debt we have to you is secured by our stockpiles of gold" to "trust me bro, we won't go bankrupt". It would be the same with a CBDC.

Basically the digital Euro would be secured by the fact is if it wasn't secured, the Eurozone would collapse, so states and the EU at large is interested in staying solvent.

[–] illi@lemm.ee 2 points 8 months ago

This is great, you really dumbed it down for me, lol. Thanks!