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A shared conviction for Europe

· François Villeroy de Galhau, Governor of the Banque de France (France)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, technology, ai and cyber risk

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· François Villeroy de Galhau Wiki · Banque de France WikiA shared conviction for Europe

ContextSpeech of François Villeroy de Galhau, Governor of the Bank of France, delivered for the departure of Robert Holzmann, Governor of the Oesterreichische Nationalbank, Vienna, 3 September 2025.

Why it mattersThe Banque de France governor presents the digital euro and central bank independence as defences against privatised money through stablecoins.

Problems raised
  1. Stablecoins risk privatising the currency.
  2. Central bank independence is questioned.
  3. Monetary sovereignty must extend to finance.
Solutions proposed
  1. Support the digital euro and a wholesale digital currency.
  2. Defend independence as the basis for low rates.
  3. Build European financial sovereignty.
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