I think it is supposed to be untracable in the same way cash is.
If you want something like that, take a look at GNU Taler. https://www.taler.net
It’s even supposed to be usable offline.
That doesn't make it more privately friendly. After all, you need a way to attest that the payment has actually happened, and that the money was valid, which is much harder (or impossible) to do in a privacy-guaranteeing way without a central authority (like servers from the ECB).
Even if all states in the EU are friendly and don't use our data for evil things, or block us from paying due to invalid reasons, a payment system without privacy by design is still not ok. By implementing such a payment system, the EU supports similar systems being used in suppressive governments, as those can then use the EU doing the same as justification. And, of course, there's no guarantee that the whole EU would stay 100% friendly.
Das Rezept zu kennen macht das Bild noch einmal weg ekelerregender.