EU Parliament Endorses Digital Euro Project to Boost Monetary Sovereignty

Lawmakers today backed a digital euro with online and offline features. This move supports a 2029 launch goal and bolsters the bloc's monetary sovereignty.

Insights:
The European Parliament today endorsed the European Council's negotiating stance for a digital euro that features both online and offline functionality. This legislative milestone, reached on February 10, 2026, provides the necessary backing for the European Central Bank to proceed with the issuance of a central bank digital currency. The endorsement is a significant development for the digital euro project, as the parliament's support is a legal prerequisite for the currency's existence and directly influences the feasibility of the 2029 launch target.
FILE PHOTO: A shopper pays with a ten Euro bank note at a local market in Aix-en-Provence, France, January 16, 2025. REUTERS/Manon Cruz/File Photo
FILE PHOTO: A shopper pays with a ten Euro bank note at a local market in Aix-en-Provence, France, January 16, 2025. REUTERS/Manon Cruz/File Photo
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