EU Parliament Backs ECB's Digital Euro Initiative for Monetary Sovereignty

European lawmakers express support for the ECB's digital euro project, emphasizing the importance of central bank independence in the process.

Members of the European Parliament have voiced their backing for the European Central Bank's (ECB) initiative aimed at creating a digital euro. This endorsement reflects a strategic move to enhance the monetary sovereignty of the European Union.

In their discussions, lawmakers underscored the crucial need for the ECB to maintain its independence while pursuing the digital currency project. This balance is seen as vital to ensuring that the digital euro aligns with the broader economic goals of the bloc.