Name: Committee on Economic and Monetary Affairs Ordinary meeting
Uploaded: 2026-11-10T14:08:45+00:00
Duration: 9957 s

00:05 - 03:07

Oratore 1

So, good afternoon, everyone. We will start today's meeting with the adoption of the agenda. If there is no objection, the agenda is adopted. Interpretation will be available today in 12 languages. Now we will move to the adoption of the minutes of the meeting of the 10 and 28 September 2026.

If there is no objection, the minutes of the meetings are adopted. Now report on ongoing interinstitutional negotiation and the single currency package with the sixth trilogue. This trilogue covered the regulation on the establishment of digital euro, the provision of digital euro services by payment services provider incorporated in member states whose currency is not the euro, and the legal tender of euro banknotes and coins. This trilogue was held on November the 5th in the Council. The negotiation continued on different political points.

As results of the exchanges, some topics were delegated to the technical level, limited items of the legal tender of cash regulation and the relevant provision regarding the distribution of digital euro, whereas although were not conclusive or not discussed due to time constraint. The technical help of the Commission was requested to further advance on the negotiation, especially on designated PSPs and sanctions. The next trilogue is scheduled for November 18 in the European Parliament. And this is a perfect transition because I would like to welcome to the ECON committee Mr Piero Cipollone, member of the Executive Board of the ECB, who will update us on the latest development on digital euro. The ECB continues working on its pilot project envisaged to kick off in the second half of 2027 and involving the industry to be ready for potential first issuance of digital euro in 2029.

The ECB launched a series of calls for expression of interest to the industry for this purpose. Regarding the legislation process, the interinstitutional negotiation with the Council continue, as you know, and today Mr Cipollone will update us on the ECB's continued work on the digital euro project, notably the pilot project, building on the exchange we had with him in this committee in June. So, I will give the floor to Mr Cipollone for five minutes or a little bit more if it is needed and then there will be a Q&A session with the member of the ECON committee. Again, welcome, Piero.

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