B2 – Upper Intermediate
Money has evolved rapidly in recent years, with digital payments through cards and mobile phones increasingly replacing cash.
In response, the European Central Bank is developing the digital euro, a form of electronic public money designed to offer a secure and reliable way to make digital transactions.
Read the article to know more about the digital Euro.
https://theconversation.com/what-is-the-digital-euro-a-guide-to-the-future-of-cash-in-europe-280055
Vocabulary Questions:
- What does “solvency” mean? “It will be a balance that does not depend on the solvency of any financial institution.” Use the term in a sentence. Give a synonym.
- What does “monetary sovereignty” mean? “In February 2026, the European Parliament formally endorsed the digital euro project, describing it as essential to strengthening EU monetary sovereignty.” Use the term in a sentence. Give a synonym.
- What does “to lead the pack” mean? “China leads the pack with its digital yuan – also known as the digital renminbi – which has seen more than 7 trillion yuan in transactions and is used in over 26 cities.” Use the idiom in a sentence. Give a synonym.
Discussion Questions:
- What are your thoughts on the digital euro and digital currencies in general?
- What might the implications of the digital euro be for ordinary people and Europe’s financial systems?
- What issues do you foresee with the digital euro?
- Share your insights on this statement: “Europe is not alone in this pursuit, as more than 130 countries are exploring or have already launched their own digital currencies.”
- Do you think the European Central Bank can roll out the digital euro by 2029? Share your thoughts.