A group of economists has issued a strong warning regarding the need for a digital euro, emphasizing that its introduction is crucial to prevent Europe from losing monetary control and becoming overly reliant on U.S. companies and the dollar. In an open letter, 70 economists urged EU legislators to prioritize the public interest and support the digital euro, stating that it serves as a safeguard for the continent against the growing dominance of private stablecoins and foreign monetary influences. This comes amid rising concerns that delays in its implementation could handcuff Europe’s financial sovereignty and allow the US to deepen its control over global monetary systems. Advocates are calling for parliament to resist banking lobby pressures and to prioritize a public-first currency in the face of the impending financial challenges.