I'd rather have a GNU Taler based system (private for consumers, transparent for the business), but given the overextending urge to destroy any remaining privacy by EU governments, I doubt it would ever happen.
Instead, we are getting a digital euro, a fully dystopian abomination.
How is a digital euro worse than the current American dependant system?
As far as I know the "digital euro" should allow for offline payments. At least in principle I should be able to offload to an offline/on-device wallet and give money to anyone without the servers knowledge.
But I'm sure there are plenty of villains and idiots that will try (and succeed) in diluting those principles and will get some dystopian (trace everything) version of that.