EU Parliament, Strasbourg, P10 CRE-REV(2026)07-09(4-0208-0000).
Frau President. Honorable colleagues.
The proposed legal framework for the digital euro encompasses elements such as
obligatory acceptance regulations, the involvement of the digital identity system,
identification mechanisms, as well as continuing interventions in payments market
structures. Beyond that, the proposal could have considerable effects on the existing
banking system and the structures of private investments, as well as fundamentally
change the relation between citizens and public monetary institutions.
The totality of these elements give rise to considerable doubt that Article 133 alone
presents a sufficient legal foundation for the currently foreseen legal framework.
The digital euro thus hides the danger to expand the range of the Union’s legal
currency competence by means of an extensive interpretation of Article 133 beyond
the limits foreseen in the treaties. A proposal with such wide-ranging effects on
the payments system, market structures, the banking system and payments mechanisms
in its current form is not allowed to be supported.
[trans: tem]
[AEUV Article 133: Without prejudice to the powers of the European Central Bank,
the European Parliament and the Council, acting in accordance with the ordinary
legislative procedure, shall lay down the measures necessary for the use of the euro
as the single currency. Such measures shall be adopted after consultation of the European Central Bank.]
