Discussion on Electronic Euro Implementation

You are in- introducing the electronic euro,

as I know.

Yeah.

So-

Yeah

... how can I, um, how can switching to an electronic

currency help?

Now we have in Europe this threshold above

1,000 euros you cannot pay cash. If you do-

Mm

... you're on the gray market. So you take-

Mm-hmm

... your risk. You get caught, you are fined or

you go in jail. But,

you know, the, the, the digital euro is going to have a

limited amount of control. There will be control, you're right.

You're completely right.

Mm-hmm.

We are considering whether for very small amounts, you know,

anything that is around 300, 400 euros, we could have a

mechanism where there is zero control, but that could be

dangerous. The terrorist attacks on France,

uh, back, uh, 10 years ago were entirely

financed by those very small anonymous credit cards that you

can recharge in total anonymity