The EU's digital euro may face problems

The EU's digital euro could face challenges in countries outside the eurozone, according to a review by the European Parliament.

A report by the EMU's Economic Governance and Control Unit identified problems with the use of CBDCs in member states outside the euro area.

Chief among them is that monetary adoption of the digital euro across the bloc will require ratification of international agreements between the EU and third countries.

“Any agreement between the ECB and a non-euro area national central bank must be preceded by an international agreement between the European Union and a third country.”