Analysts at thAmerican multinational investment bank Morgan Stanley (NYSE:MS) have estimated the likely changes in eurozone banks’ deposits should a digital euro be widely adopted.
According to the analysts, a European Union central bank digital currency (CBDC) could suck up 8% of customer deposits from eurozone banks, Reuters reported Wednesday. This share may be far higher in smaller countries like Latvia, Lithuania, Estonia, Slovakia, Slovenia and Greece, they said.