As EU Forges Compromise on Digital Euro, Italian Banks Offer Cautious, Cost-Conscious Backing

Following a key political agreement among EU finance ministers on the digital euro’s framework, Italy’s banking sector has offered cautious support for the project.

The Italian Banking Association (ABI) backs the ECB‘s initiative, which now includes safeguards like holding limits to calm fears of bank runs.

However, ABI General Manager Marco Elio Rottigni immediately attached a significant caveat: the high implementation costs for banks must be spread out over time.

This conditional endorsement highlights the balancing act between political ambition and the practical financial realities of launching a central bank digital currency by 2029.