German MP tells Bundestag that the only ones who need the digital euro are those who want total surveillance of citizens

German MP tells Bundestag that the only ones who need the digital euro are those who want total surveillance of citizens

Rhoda Wilson

Last week, German Member of Parliament Joana Cotar gave a speech in the Bundestag. Nobody needs the digital euro except for the European Central Bank (“ECB”) and politicians who have something else in mind, she said.  And that something else is the total surveillance of citizens.

Much is promised with the digital Euro, Ms Cotar said in the Bundestag, “data protection, everything’s secure, no one intends to spy on anyone.  This is as credible as the promises made during the euro introduction.”

Promises that were made at the introduction of the euro included no bailout, the 3% rule and prohibition of monetary state financing.  “Now the ECB does nothing else and the Maastricht Treaty is waste paper,” she said.

“Today the ECB promises top data protection for the digital euro and tomorrow every transaction will be monitored,”  Ms. Cotar said. It will be used to control citizens’ behaviour, just as it is being used in China.

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