"ECB to Decide on Digital Euro by End of Next Year Amid German Public Skepticism"

"ECB to Decide on Digital Euro by End of Next Year Amid German Public Skepticism"

The European Central Bank (ECB) is set to decide on the rollout of a digital euro by the end of next year. This is a big deal. However, recent surveys show that about half of the people in Germany can’t really picture themselves using it.

In a charming wine town, located about 100 kilometers (62 miles) from Frankfurt, there’s a hidden bunker. This place was one of Germany’s best-kept secrets for decades. Built back in 1962, it was designed to hold alternative deutsche marks. Why? Just in case West Germany’s Cold War enemies flooded the market with fake banknotes and caused hyperinflation.

In the end, that backup currency wasn’t needed. It was destroyed in 1988. But even after all these years, Germans still worry about the safety of their money. As the decision on the digital euro approaches, these concerns remain a significant hurdle for many.