Overview
- MEPs approved two pro–digital euro amendments to the ECB report by 438 to 158.
- The endorsement is nonbinding but signals political support and eases concerns in Frankfurt over legislative delays.
- The ECB targets a pilot in 2027 and potential issuance in 2029, contingent on adoption of the legal framework in 2026.
- The Council has indicated support for the framework, and Parliament is due to formally take up the legislation in the spring.
- Christine Lagarde said the ECB will not access users’ personal data and that cash will remain available, while critics cite privacy risks and banks warn about competition and possible deposit outflows.