US EditionEU Parliament Backs Digital Euro, Aligns with Council on Online‑ and Offline‑ready Currency
Forty-eight lawmakers support a digital euro to enhance monetary sovereignty and reduce reliance on US payment systems, with a vote scheduled to gauge Parliament backing.
- On Tuesday, Forty-eight EU lawmakers added support for the digital euro in the annual report on the European Central Bank, to be voted on in the European Parliament.
- The European Commission's proposal envisages a digital wallet usable online and offline with untraceable payments, which supporters say will strengthen European monetary sovereignty and reduce retail payment fragmentation, with EU countries in the Council backing it.
- Italian MEP Pasquale Tridico of the Five Stars Movement proposed the amendment, gaining support from the European People's Party, Socialists and Democrats, Renew Europe, The Greens, The Left, and Brothers of Italy.
- The Tuesday vote will publicly show where support for the digital euro stands amid a political deadlock, while Fernando Navarrete proposes narrowing its scope to offline-only use, excluding Visa and Mastercard alternatives.
- The digital euro would be an electronic form of cash issued by the ECB, with many far-right parties, including Vox last week, sharply opposing it amid US-EU tensions.
26 Articles
26 Articles
Could the digital euro get a green light in 2026?
The push for a digital euro has gained greater urgency as Europe seeks to bolster its financial sovereignty, with hopes the proposal will move forward this year after European lawmakers Tuesday backed the plans. The electronic version of the money used in the 21-nation currency area would be available to…
The European Parliament appears to be in favour of the full implementation of the digital euro, as proposed by the European Commission and the European Central Bank…
This week, the European Parliament gave its first relevant political support to the digital euro by adopting two amendments to the European Central Bank's (ECB) annual report 2025 that support the introduction of a digital currency of the central bank that can be used both online and offline.The vote aligns Parliament's position with that of the European Council and reinforces the progress of a project that requires legislative approval to becom…
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