· organisation

Piero Cipollone on European Parliament

Engaged digital euro advocate (strong)

TL;DR

Piero Cipollone actively engages the European Parliament on the digital euro's technical aspects and sovereign necessity.

Key Points

His appointment to the ECB Executive Board was supported by 509 votes in the European Parliament in 2023.
He affirmed during a hearing that he would support an "open and frank dialogue" with the European Parliament.
He addressed the ECON Committee on 4 September 2025 regarding the latest developments on the digital euro project.

Summary

Piero Cipollone, as a Member of the Executive Board of the European Central Bank, maintains a strong, active engagement with the European Parliament, primarily concerning the development and necessity of the digital euro. He has presented to the Parliament’s Committee on Economic and Monetary Affairs (ECON), emphasizing that the digital euro is crucial for safeguarding Europe's monetary sovereignty against dependency on non-European payment solutions, especially as cash usage declines. His appearances and written communications, such as letters to committee chairs, provide technical data and respond to co-legislators' requests regarding holding limits and financial stability impacts, positioning the digital euro as a public good and a political statement on European autonomy.

This continuous dialogue highlights the central role the Parliament plays in establishing the necessary robust legal framework for the digital euro's implementation. Cipollone frames the project as a collaborative effort, welcoming the political scrutiny and debate that such a major undertaking requires. His statements often reference the Parliament’s work, such as its resolution on the ECB's Annual Report, to underscore the shared goal of building a resilient, innovative, and competitive European payments ecosystem, thereby treating the Parliament as an essential partner in securing the future of the euro's digital form.

Key Quotes

...as I mentioned earlier this year in my hearing before the ECON Committee, using the digital euro for daily payments will not harm financial stability.

Letter to Aurore Lalucq, ECON Chair October 10, 2025

During a confirmation hearing at the European Parliament's ECON committee, Cipollone said he would support an "open and frank dialogue" with the European Parliament.

Confirmation hearing at the European Parliament's ECON committee January 1, 2023

Frequently Asked Questions

What is Piero Cipollone's position on European Parliament?

Piero Cipollone views the European Parliament as a crucial partner for the European Central Bank, particularly concerning the digital euro. He has expressed his commitment to maintaining an open and frank dialogue with the Parliament throughout the legislative process. He acknowledges the body's role in scrutinizing and legitimizing major currency projects.

Has Piero Cipollone changed their stance on European Parliament?

There is no public indication that Piero Cipollone has changed his stance regarding the importance of the European Parliament. Since his confirmation hearing, he has actively engaged with its committees. He consistently advocates for a collaborative approach with the co-legislators on matters like the digital euro.

What did Piero Cipollone say about the Parliament's role in the digital euro?

Cipollone stated that political scrutiny and informed debate from the European Parliament are crucial for the digital euro's democratic legitimacy. He highlighted the importance of the Parliament's work when providing technical data on the project's stability impact. He views the legislative progress in the Parliament as a decisive step toward issuing a digital euro.