Blog post by Era Dabla-Norris, Ruud de Mooij | New generative-AI technologies hold immense potential for boosting productivity and improving the delivery of public services, but the sheer speed and scale of the transformation also raise concerns about job losses and greater inequality. Given uncertainty over the future of AI, governments should take an agile approach that prepares them for highly disruptive scenarios. A new IMF paper argues that fiscal policy has a major role to play in supporting a more equal distribution of...

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Blog post by Maarten G.A. Daman | Many people appreciate privacy when paying, and want their data protected. Current electronic means of payment are not optimal in this regard. We are designing the digital euro to be the most private electronic payment option. The ECB Blog explains. Paying is a private affair for many people. The idea that tech companies, banks, governments or employers might track payments is not particularly appealing. Cash provides a solution to avoid such tracing, but...

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Today the Council adopted a revised regulation regarding EU guidelines for the development of the trans-European transport network (TEN-T). The new law aims to build a reliable, seamless, and high-quality transport network that ensures sustainable connectivity across Europe without physical interruptions, bottlenecks, and missing links. The TEN-T network is a key instrument of the EU’s transport policy with a huge contribution to our sustainable mobility objectives, as well as to economic, social, and territorial cohesion. The adoption of the revised...

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Blog post by Piero Cipollone | For the last quarter of a century, the euro has been a key global currency, second only to the dollar. It has demonstrated its resilience despite the coronavirus pandemic, Russia’s war in Ukraine and the tragic conflict in the Middle East. The euro’s estimated share of international currency use stands at over 19 per cent, a level that has remained broadly stable over the past five years. Nevertheless, the currency’s place on the global...

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