Weidmann waves the hawkish white flag, Digital euro will bring innovation opportunities, and more
Latest opinion and analysis from OMFIF around the world
18-22 October 2021, Vol.12 Ed.42
Weidmann waves the hawkish white flag: Germany’s difficult coalition-building process has gained fresh complexity following the announcement of Jens Weidmann’s resignation. The departure of the Bundesbank president, coinciding with the departure from office of his former boss, Chancellor Angela Merkel, will open decisions on the Bundesbank succession to possible squabbling among coalition partners of likely Chancellor Olaf Scholz, write David Marsh and Pierre Ortlieb.
Digital euro will bring innovation opportunities: In July 2021, the European Central Bank confirmed that it is beginning a two-year investigation into the digital euro, with sights set on a 2026 launch. It is a bold step for the payments industry, and one that could open up exciting new opportunities within Europe, writes Tanja Heßdörfer.
The future for multilateralism and role of development banks: This joint OMFIF-DZ BANK panel discussion focuses on the role multilateral development banks will play in a post-pandemic world. It brings together leading development banks to discuss ways to support the recovery and strengthen financial co-operation.
Do we need programmable central bank digital currency?: Wolfram Seidemann, chief executive officer of G+D Currency Technology, joins John Orchard, CEO of OMFIF, for a discussion about the need for programmable CBDC. They delve into issues such as the role of Covid-19 in accelerating CBDC development, requirements needed for a CBDC and use cases.
Italy and France advance in German agenda: Italy and France look set to top Germany’s European agenda if Olaf Scholz heads a new Berlin government. There were few hints of concrete European initiatives in the document published as a prelude to formal coalition talks. However, Scholz seems likely to bank on reaping European goodwill, writes David Marsh.