I largely agree with you, although the language you use implies other perspectives i dont agree with. Most current CBDC’s suck huge amounts of ass, but i have two reasons i still think the digital euro will be good.

1. A regular credit card has all the issues you described, except the bank, government and an american company (visa or mastercard) have those powers, CBDC’s that work the way you described will only give the government and your bank that power, which still sucks, just slightly less. Of course the real risk is that they use that digital cash to phase out real cash, but that could happen anyways.

2. The digital euro is not what you described, the initiative’s website promises it will be useable offline, as private as cash. Quote: “Even when you use digital euro online, we would not be able to identify you based on your payments.”