The European Parliament and ECB are seeking backing for a digital euro to reduce reliance on existing payment providers and mitigate risks from geopolitical factors like Trump's tariffs.
Steady: 1 development in the last 24 hours, 1 in the last 7 days
Updated 3 hours ago
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How it started
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What happened
The European Parliament and ECB are seeking backing for a digital euro to reduce reliance on existing payment providers and mitigate risks from geopolitical factors like Trump's tariffs.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The ECB is moving forward by issuing the digital euro as central bank money, while the Parliament negotiates the final implementation details.Sub-event
- The European Central Bank, European Commission, and Parliament introduced the digital euro concept and its legal framework.Sub-event
- Portugal is leading the initiative for a central bank-backed digital euro, which aims to reduce reliance on US payment networks.Sub-event
Digital euro project aims to reduce overreliance on providers amid geopolitical payment risks.1 source
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The entities involved
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European Parliament
parliament of the European Union directly elected by the citizens of the Union
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European Central Bank
central bank of the European Union and the eurozone
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Mastercard
American multinational financial services corporation
Related events
- The European Central Bank decided to hold interest rates steady, impacting European markets.
- ECB policy is being informed by Eurostat inflation data covering Bulgaria following its entry into the currency bloc.
- The European Central Bank manages the euro-area economy, with Christine Lagarde serving as its president.
- The ECB confirmed successful accession to the Eurozone while assessing candidate countries' convergence, noting failure to meet criteria.
- ECB policy impacts interest rates for Ireland and Germany, while a Dutch contender emerges as a leading candidate to succeed Christine Lagarde.
Coverage
Newest first; wire copies grouped- yahoo.com
- pymnts.com
- rte.ie
- insidermonkey.com
- naturalnews.com
- newzealandstar.com
- newyorktelegraph.com
- yahoo.com