Although the European Union has transformed the continent politically and economically, many citizens perceive integration as a source of regulations and constraints rather than as something that improves their daily lives. The digital euro could change that, but only if policymakers are willing to make the political case for it.

BERKELEY—After years of preparation, the EU’s three governing bodies—the European Parliament, the European Council, and the European Commission—are finally ready to begin formal negotiations on the digital euro. When they do, a project once conceived as a technocratic modernization of monetary infrastructure will become one of the most politically contested items on the bloc’s agenda.

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