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“# Demand for digital euro not yet clear, says BBVA exec ” An executive at major Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) has raised concerns about the digital euro and questioned what customer demand it would meet. Pablo Urbiola of BBVA’s digital regulation team has called on European financial authorities to carefully explore the…
“#20 Famous Landmarks in Croatia” Located between the Balkan mountains and the mediterranean sea, Croatia offers a plethora of attractions and points of interest. Some most famous landmarks in Croatia are natural landmarks like Plitvice waterfalls and Zlatni Rat beach. Still, there are quite a few important historic landmarks in Croatia, too, like the walls…
“#’Hotels on rails’ sleeper trains are coming to Europe” While the US can’t get just one good rail system across the country, Europe is getting yet another travel option — overnight sleeper trains. Midnight Trains will be a “hotel on rails” with a launch set for 2024, The Guardian reported. The French start-up announced its…
“#Rainstorms bring relief as Europe suffers summer heat wave” BERLIN — Thunderstorms brought a much-needed cool down to parts of Western Europe over the weekend as the continent sweltered under its first summer heat wave. Dozens of people were reported drowned as they sought relief from the heat. Forecasters predicted further downpours Monday moving east…
“# Banque de France tests digital currency-based securities settlement ” The central bank of France — Banque de France — is continuing its work on the development of a European central bank digital currency (CBDC). On Monday the bank officially announced the successful completion of a CBDC experiment with major Switzerland-based cryptocurrency bank SEBA. Conducted in…
“#What is the Czech Republic famous for?” Beer consumption and quality, all the impressive castles, some peculiar festivities, the landmarks, and obviously the people are some of the things the Czech Republic is famous for. Located in the heart of Europe, the Czech Republic is a landlocked country with 10.7 Million people bordering Austria to…
“# Digital euro offers better privacy protections than private stablecoins: ECB official ” European Central Bank (ECB) executive board member, Fabio Panetta, has argued that a digital euro offers superior privacy protections than privately issued stablecoins. Panetta criticized the profit motive of private firms, emphasizing it is in their commercial interests to harvest masses of…
“#Biden’s first foreign trip only showcased his own weakness” “We’ve gotten a lot of business done on this trip,” Joe Biden declared in Geneva, the final stop on his first overseas tour as president. Not one reporter at the press conference called him on the absurd claim. Of course, he started the “presser” after his…
“# Digital euro could drain 8% of bank deposits, Morgan Stanley says ” Analysts at thAmerican multinational investment bank Morgan Stanley have estimated the likely changes in eurozone banks’ deposits should a digital euro be widely adopted. According to the analysts, a European Union central bank digital currency (CBDC) could suck up 8% of customer…
“#Biden’s G-7 and NATO summit performance only boosts US, Euro foes” It’s been all smiles and cheers for Joe Biden on his first foreign tour rolling out a foreign-policy agenda focused on China. And, for the most part, European leaders are playing along with the script. The narrative for the G-7 and NATO summits is…