What I miss in the debate about the introduction of the #Euro #CBDC is the criticism of the #Eurozone commercial banking sector. Have the heads of the banks not understood that this means the end of private capital formation? Or have they already mentally retired and thrown in the towel?

This droning silence is actually deafening because it shows the entire intellectual state of the #EuropeanUnion. The real cultural and economic elites are silent about all this, and about the progressive erosion of our privacy and individual liberties. Large parts of the economy are, shall we say, incentivized to silence by the European subsidy machine...

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You will need to search for it, but there's already an agreement for a system where the comercial banks get a subsidy – a percentage cut of the now centrally controlled fractional lending process – so that their profit margins are in line with what they are now.

Really? So the ECB will indirectly nudge them into their distribution of cbdc liquidity? Wow.... thank You, I will study that

More like directly bring them on board with a profit sharing initiative so that the system looks similar to how it is now, with the comercial banks remaining as an intermediary between customers and the ECB.

I have none of the details or sources, but I did read about it and it can't *not* be true for the reasons you mention in you first post.