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EU Parliament Divided Over Digital Euro Design Proposal

2/4/2026

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Summary

Story summary

Lawmakers in the European Parliament struggle to reach a consensus on the digital euro's design, jeopardizing progress.
Fernando Navarrete, the parliament's rapporteur, proposed an "e-cash" model for offline payments.
Socialists and Democrats (S&D) and Renew Europe favor letting users hold retail accounts on the European Central Bank (ECB)'s ledger.
Nikos Papandreou, the S&D shadow rapporteur, emphasized Europe must control its payment infrastructure, and a May vote remains uncertain due to divisions.

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Story summary

Lawmakers in the European Parliament struggle to reach a consensus on the digital euro's design, jeopardizing progress.
Fernando Navarrete, the parliament's rapporteur, proposed an "e-cash" model for offline payments.
Socialists and Democrats (S&D) and Renew Europe favor letting users hold retail accounts on the European Central Bank (ECB)'s ledger.
Nikos Papandreou, the S&D shadow rapporteur, emphasized Europe must control its payment infrastructure, and a May vote remains uncertain due to divisions.