Digital euro: MEPs ready to start negotiations - The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting. com European Union News -
Digital euro: MEPs ready to start negotiations The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting. com European Union News -
July 10, 2026byThe Sting's TeamThis article is brought to you in association with theEuropean Parliament. On Thursday, plenary backed talks with the Council on a digital euro proposal that would offer citizens a secure way to reduce reliance on non-EU providers. With 416 votes in favour, 169 against and 22 abstentions for the creation of a digital euro, and by a show of hands approval for non-euro payment service providers, the European Parliament agreed to proceed to the next stage of the legislative process. ThePfE, ECR and ESN political groupshad challenged the 23 June 2026 decisions by the Economic and Monetary Affairs Committee to open interinstitutional talks on thecreation of the digital euroand theprovision of digital euro services by payment services providers incorporated in member states whose currency is not the euro. A third file part of the samesingle currency package, on thelegal tender of euro banknotes and coins, was not contested, so negotiations can also go ahead on that, in line withrule 72 of Parliament’s rules of procedure. RapporteurFernando Navarrete Rojas (EPP, ES)will lead Parliament’s negotiating team. A first round of negotiations with the Irish Presidency of the Council, representing member states, is scheduled to take place shortly. Key points of the Parliament’s negotiating position include:The digital euro would be a new, electronic form of money issued by the European Central Bank (ECB) and would work online and offlinePrivacy safeguards would be built into the digital euro. Transactions would be verified without exposing personal data, which would be processed only to the extent strictly necessary for the system to functionMost businesses would be required to accept digital euro. Exceptions would apply to the self-employed and small and micro enterprises that do not accept other digital payments. Basic services, such as opening an account, holding and managing funds, and access to at least one payment instrument, would be free of charge. To protect the financial system, there would be a cap on how many digital euros any individual could holdBanks and payment service providers (PSPs) from non-euro EU countries would be allowed to distribute the digital euroEuro area countries would be obliged to keep cash accessible, businesses would not be allowed to ban cash and member states would need to monitor cash availability regularly, with special attention to vulnerable groups, such as the elderly, low-income individuals, and people without access to the traditional banking system. You can check details of Parliament’s negotiating positionhere. Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting. comSubscribe to get the latest posts sent to your email. Filed Under:European Union News,EurozoneTagged With:Brussels magazine,Brussels news,Critical ITmes,Critical Magazine,Critical News,Critical Times,Criticla ITmes,Digital euro: MEPs ready to start negotiations,EU Magaizne,EU magazine,EU News,EU Sitng,EU Sting,European Magazine,European News,European Union Magazine,The European Sting,The Sting