Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament

Brussels, 4 September 2025

It’s my pleasure to be back for our regular update on the digital euro.

This is the ECB’s fourteenth exchange of views on the digital euro with this Committee. I have personally had the honour of addressing you five times. Our previous discussions covered a wide range of issues, including the preservation of access to central bank money, the digital euro’s role as an anchor for monetary and financial stability, the need to safeguard strategic autonomy and the benefits the digital euro would have for various stakeholders.^[1]

Today I would like to focus on two dimensions that have received less attention but are nonetheless fundamental for making the euro fit for the future: resilience and inclusiveness. In an increasingly digital world exposed to new geopolitical and operational risks, we…