commit 957bc36632b4fda62fc20c13f4bb0c1380f3a4d7
parent cb4066e742c4e1df9f31654738d468ffbaffc932
Author: Mikolai Gütschow <mikolai.guetschow@tu-dresden.de>
Date: Wed, 14 Jan 2026 09:44:01 +0100
news: add news entry about Digital Euro paper
Diffstat:
2 files changed, 28 insertions(+), 0 deletions(-)
diff --git a/properties.yml b/properties.yml
@@ -205,6 +205,9 @@ eventslist:
speaker: Christian Grothoff
email: cg'AT'taler.net
newsposts:
+ - page: 2026-02.html
+ date: 2026-01-14
+ title: "Critical analysis of digital euro published"
- page: 2025-04.html
date: 2026-01-06
title: "P15 CoNetWorking Space accepts GNU Taler payments in eCHF"
diff --git a/template/news/2026-02.html.j2 b/template/news/2026-02.html.j2
@@ -0,0 +1,25 @@
+{% extends "common/news.j2" %}
+{% block body_content %}
+
+<h1>Critical analysis of digital euro published</h1>
+<br/>
+<p>The Springer journal "Digital Finance" has recently published "The proposed design of the digital euro: A critical analysis" by Mikolai Gütschow and Bernd Lucke.
+They describe serious flaws in the digital euro design as proposed by the European Commission and propose GNU Taler as an alternative technology for a potential CBDC with tangible benefits for Europeans.</p>
+
+<p>The text is available under open-access as <a href="https://doi.org/10.1007/s42521-025-00171-2">DOI 10.1007/s42521-025-00171-2</a>. The abstract reads as follows:</p>
+
+<p style="margin: 2em;">We analyse the Commission’s draft regulation for the establishment of the digital euro (DE).
+While well-intentioned, the design proposed by the Commission exhibits serious flaws.
+In particular, both the offline and the online versions of the DE show clear disadvantages compared with cash
+and online commercial bank money, respectively—for example, severe limitations on the store-of-value function of digital euros and strict holding limits unknown in current forms of money.
+There is essentially no discernible benefit to customers.
+Privacy remains comparable to current private payment systems, yet concerns persist about potential user re-identification at the central level.
+Competition, innovation, and trust are greatly undermined by the use of proprietary rather than open-source software.
+The enforcement of mandatory acceptance places competing means of payment at a disadvantage, even when technologically superior.
+The DE also distorts competition between banks and non-banks, as DE issuance and basic services are costly and unprofitable for banks.
+Banks may therefore resort to issuing a DE-based stablecoin that would be superior to the DE for both customers and banks, thereby undermining the ECB’s control over monetary policy.
+We show how these flaws can be addressed and outline an improved design for a European CBDC based on open software and elements of blockchain technology.</p>
+
+<p><a href="https://link.springer.com/journal/42521">Digital Finance</a> is a leading journal exploring cutting-edge research in digital financial technologies and their impact on the financial industry.</p>
+
+{% endblock body_content %}
