Digital euro could drain 8% of bank deposits, Morgan Stanley says

[Centus]

Banks in smaller countries like Latvia, Estonia and Greece could be more seriously impacted by the digital euro, analysts said.
Analysts at thAmerican multinational investment bank Morgan Stanley 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.
Source: https://cointelegraph.com/news/digital-euro-could-drain-8-of-bank-deposits-morgan-stanley-says