FuckyWucky [none/use name]

why do CBDC? SEPA/SEPA Instant already exists and can clear payments just fine without involving VISA/Mastercard. Will people recieve salary in this digital Euro account? probably not because banks lobby, they want cheap funding source i.e. customer deposits. most people wouldn’t want it since there is no interest paid (compared to tiny to moderate interest in savings accounts), you don’t have card even as an option. Like I don’t mind ppl using central bank liabilities for payments but the entire capitalist financial infrastructure is built around commercial banks. its just inconvenient having to transfer money between commercial bank and ECB wallets.

It won’t destabilize existing financial system or result in bank runs, all banks in the Eurozone are ultimately backstopped by the ECB. bank lending isn’t reserve constrained, it is true that losing cheap deposits may reduce profitability of banks, but that’s it. they will be able to lend just fine because of ECB’s LTROs, TLTROs etc.

the privacy argument against CBDCs is silly though. Commercial banks ultimately work because of Government, they use Government money for clearing. Governments can just ask them for your data if needed.

Subsidize SEPA/SEPA Instant. Make it free, a public service. Market it by using the said arguments, people will use it more then. Maybe even force banks to issue cards like Mir in Russia or Unionpay in China.

People are employed at these places, people spend money, workers get income etc.

Its straight up included in the GDP figures as it’s a service.

It’s downloading for me. You might have some port issue. Make sure you forward incoming port in router.

Regardless I’ll seed it.

I’ll add it to my seedbox at least.

if the hash matches, yes. if you have the magnet, dm me i will seed it.

Yes they will have to find someone else to sell it to at a price he is satisfied with. Question is do Europeans and Austrians want it and can they afford to buy it?

Why were they exporting to US in the first place? Because it was the only way to realize the profits they desired. If Europeans had enough money they would prefer selling to Europeans in the first place.

I mean yeah the tariffs will damage the U.S. However, EU shouldn’t act like Exports don’t support employment.