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digital euro

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Why is Europe's break from Visa and Mastercard facing resistance?

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EU.XL

How can the EU reclaim payment autonomy? Ask the Euronews AI chatbot

Europe depends on foreign payment networks more than ever, increasing its financial risks. WERO is the only available option. What is the EU doing to achieve payment independence? Ask the Euronews AI chatbot.

Europe News

Can Europe break free of Visa and Mastercard? MEPs stall digital euro

MEPs are struggling to agree a position on the ECB-backed digital euro as Berlin pushes for progress and critics warn the file is being stripped back.

Europe News

European Parliament to 'test' support for digital euro

The European Parliament will vote on a report on the annual work of the European Central Bank, which includes a passage in support of the digital euro. The vote will take place on Tuesday.

Europe News

Exclusive: Digital euro faces political deadlock in Brussels

The EU's proposal for a digital form of cash cannot proceed unless the European Parliament is able to agree on a position.

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Markets

As stablecoins rise, how are governments responding worldwide?

Stablecoins experienced a record-breaking year, driven by both major countries and companies incentivising their use worldwide.

Tech News

What's on Europe's digital policy agenda in 2026?

2026 is the EU’s digital “set-up” year: a time to simplify rules, set priorities, and brace for transatlantic spillovers as major legislative initiatives race toward 2027.

Economy

The future of cash: How much money do Europeans carry today?

Fewer and fewer consumers are choosing to use cash, instead relying on cards and mobile payments. Even so, for some consumers and within certain sectors — cash remains king.

The Cube

Is the EU trying to control your wallet?

Numerous rumours about the digital euro have been circulating on social media for months. According to some users, the currency will be used to monitor financial transactions or could even threaten individual freedoms. The Cube has debunked some of these claims.

Europe News

European consumers want a reliable, easy-to-use and free digital euro

EU policymakers are still working on the digital euro's legislative framework, but the ECB says it could be ready by mid-2029.

Europe News

ECB: Digital euro will be profit-making for payment service providers

The EU Commission estimates it would cost between €2.8 and €5.4 billion to roll out the digital euro across the whole Euro area.

Europe News

Digital euro talks gain speed — but key hurdles remain

EU finance ministers are racing to agree on the legal framework for a digital euro by the end of 2025, but thorny issues remain, from privacy and data protections to limits on holdings and the role of non-euro countries.

Economy

Digital Euro: What is it and why do we need it?

The digital euro aims to preserve the role of cash in the digital era, ensuring secure, inclusive payments and protecting eurozone monetary sovereignty. While it won’t rival the dollar globally, it could strengthen Europe’s financial autonomy.

EuroVerify

Is the EU banning American credit cards?

Social media users allege that ECB President Christine Lagarde has announced plans to get rid of the likes of Visa, Mastercard and PayPal.

EuroVerify

No, Norway and Sweden haven't banned digital transactions

The claims appear to have sprung from reports that the Nordic countries have started advising citizens to keep a supply of cash at home in the case of a digital banking crisis.

Economy

ECB's Lagarde signals inflation relief, urges push for a digital euro

ECB President Christine Lagarde told the European Parliament that inflation is easing and rate cuts are taking effect but warned of trade risks. She reaffirmed a cautious, data-driven approach and stressed the need for a digital euro to strengthen Europe's financial autonomy.

EuroVerify

No, Christine Lagarde doesn't want to scrap cash for climate

A video is being shared on social media which allegedly shows Christine Lagarde, president of the European Central Bank, calling for the abolition of cash in order to reduce our carbon footprint.