European Parliament

The digital euro is facing fresh delays in the European Parliament after the file’s lead rapporteur, Spanish lawmaker Fernando Navarrete Rojas of the European People’s Party (EPP), formed a minority bloc with far-right groups — leaving shadow rapporteurs unable to secure a workable majority around the draft.

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The latest compromise text seen by Euronews would also narrow the project’s scope in a way that goes to the heart of the Commission’s plan.

Brussels proposed a digital form of cash that could be used both online and offline. Navarrete, by contrast, is pushing for an offline-only model.

As rapporteur, Navarrete is responsible for steering the legislative text and building agreement across political groups through negotiations with shadow rapporteurs — a process designed to produce a majority-backed position in Parliament.

The Parliament has already signalled broad support for a digital euro.

On 10 February, lawmakers adopted the European Central Bank’s annual report and backed two pro–digital euro amendments, with opposition mainly coming from some centrist and far-right MEPs.

The EPP itself is split on the file. The German delegation is strongly in favour, amid pressure from Berlin. In mid-February, Vice-Chancellor Lars Klingbeil told journalists that those opposing the digital euro were harming Europe.

Two sources familiar with the talks told Euronews that amendments tabled by Navarrete in the latest compromise text are a non-starter for groups backing the Commission’s plan, pushing the file into a legislative deadlock.

Euronews contacted lead rapporteur Navarrete for comment but had not received a response at the time of publication.

The impasse surfaced again at a meeting on Thursday, when lawmakers attempted to bridge differences after a heated discussion, claiming “the text is going nowhere”.

Another meeting is scheduled for 10 March, but sources expect a vote currently pencilled in for May to slip.

EU countries have already agreed their position in the Council. Without a Parliament mandate, the legislation cannot move to the next stage.

What is digital euro?

The digital euro has taken on new political weight as economic tensions between the EU and the US sharpen the debate over Europe’s reliance on American payment giants.

Visa and Mastercard, both US-based, underpin much of day-to-day card spending in Europe. ECB data for 2025 shows the two networks account for 61% of card payments in the EU and nearly all cross-border card payments.

The project would create an electronic form of cash issued by the European Central Bank, designed to sit alongside banknotes and the payments services offered by commercial banks.

Supporters argue it would give citizens direct access to digital “public” money — something that, for now, largely exists only in the form of cash.

Under the Commission’s proposal, users would have a digital wallet for both online and offline payments, with transactions designed so they are not trackable.

Critics say the latest compromise text in Parliament risks stripping out key parts of that vision.

“This first taste of a compromise from Mr. Navarrete sadly shines little light on any actual shift in his direction for the digital euro,” Laura Casonato, head of policy at Positive Money Europe, told Euronews.

Casonato said the draft does contain some welcome elements, including language recognising that the digital euro “should be a sovereign and secure digital means of payment that safeguard public access to central bank money” alongside clearer provisions on privacy and data security.

Published on 20/02/2026 – 12:34 GMT+1•Updated
12:35

European steel shipments to the US declined 30% between June and December 2025 compared with the same period a year earlier, according to recent Eurostat data compiled by Eurofer, the Brussels-based industry group.

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The decline underscores the impact of the US’s 50% tariffs on EU steel, even after the EU and US signed a trade agreement in July 2025 agreeing a blanket 15% US tariff on EU goods. Steel was carved out of that deal and talks to ease duties remain stuck.

“A 30% drop in steel exports to the US within just six months is a clear signal that the blunt 50% tariffs imposed by the US government on EU steel are damaging our industry,” Eurofer Director general Axel Eggert said.

“The US decision to include EU downstream steel products, such as machinery, will have another huge negative impact on us and our European customers,” he added.

Washington imposed 50% tariffs on EU steel and aluminium in June 2025 and extended the measures to more than 400 steel and aluminium products in August.

Steel talks tied to EU-US trade deal enforcement

The US has framed the tariffs as a shield against Chinese overcapacity flooding global markets, including Europe.

With Chinese exports increasingly redirected from the US to the EU, the European Commission proposed on 7 October 2025 to halve the volume of steel allowed into the bloc duty-free and to levy a 50% tariff on imports exceeding a quota of 18.3 million tons a year.

The proposal steel needs to be adopted by the EU legislator. Meanwhile Brussels itself hopes to reopen talks with the White House to secure lower duties on EU steel.

But US negotiators have linked any resumption of discussions to the implementation of last summer’s EU-US trade deal, struck by Commission President Ursula von der Leyen and President Donald Trump. Under that pact, the EU agreed to cut its tariffs on US goods to zero while accepting 15% duties on its exports to the US.

With the EU legislative process still requiring approval from lawmakers and member states, Washington’s patience is wearing thin. Tensions could rise further after EU lawmakers introduced amendments that may complicate talks with capitals.

The European Parliament is expected to vote on the deal in March, paving the way for negotiations with member states.

The talks stalled on the European side after the US threatened to annex Greenland militarily from Denmark in January. Although the US has softened its language, it led to delays. The administration’s continuous lobbying for less stringent rules when it comes to digital legislation in Europe has also added obstacles to the talks.

Published on
17/02/2026 – 8:00 GMT+1

Four years after Russia’s invasion of Ukraine, the European Union is still importing Russian steel – and not everyone is happy about it.

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Next week, MEPs and EU member states will begin negotiations on whether to ban Russian steel outright. What began as a sanctions debate has morphed into a high-stakes political fight.

Swedish lawmaker Karin Karlsbro is preparing to take on the EU council, which represents the member states, with Belgium, Italy, the Czech Republic and Denmark all arguing that they still need imports of unfinished steel for major construction projects.

“It is a big provocation that we haven’t done everything possible to limit Putin’s war chest,” Karlsbro told Euronews. “The Russian steel industry is a backbone of Russian war, it is the Russian war machinery.”

Finished Russian steel was banned in 2022, but semi-finished steel, a key input for further processing, was spared after a number of countries secured an exemption until 2028 to cushion the blow to their industries.

“Unfinished steel can’t be produced anywhere in the EU,” a European diplomat from one of those countries told Euronews, “while it is required for big infrastructures.”

Three million tonnes

Karlsbro says she was astonished to learn that EU imports of Russian steel amount to nearly 3 million tonnes a year, roughly equivalent to Sweden’s entire annual output and worth around €1.7 billion.

For her, the type of steel is beside the point.

“There is absolutely no argument that this is special steel or highly qualified steel with any essential quality. There is simply no additional reason to buy this steel,” she said.

To bypass the unanimity required for the adoption of EU sanctions by the member states, Karlsbro inserted a ban on Russian steel into a separate European Commission proposal aimed at shielding the bloc from global steel overcapacity, as US tariffs divert excess supply toward Europe.

The European Parliament’s trade committee approved the move on 27 January.

The procedural shift is crucial. Unlike sanctions, the trade file requires onlythe support ofa qualified majority of EU countries, potentially sidelining governments that might otherwise veto a full ban.

“The Parliament is playing politics on this,” an industry source familiar with the file told Euronews.

Another diplomat from a country dependent on Russian semi-finished steel said the ban was important for his government, which is why the 2028 deadline has been set – highlighting the dilemma the EU faces as it balances industrial needs with the need to confront the full-scale invasion of Ukraine.

The talks are beginning as the fourth anniversary of Russia’s invasion approaches, and the clock is ticking. By June, the EU must adopt the Commission’s plan to shield its market from a glut of global steel.

One diplomat insisted the two files – banning Russian steel and protecting the EU market from overcapacity – pursue “totally different goals”.

Still, the same diplomat acknowledged the ban could pass, as there are not enough member states pushing to maintain a phase-out only by 2028.

Forty-eight EU lawmakers added a passage in support of the digital euro in an annual report on the European Central Bank (ECB) that will be voted on Tuesday.

Although the document has no legislative effect, the vote on the amendment will publicly show where support for the digital euro stands.

The digital euro would be an electronic form of cash issued by the ECB, and would serve as an additional form of payment supplementing the cash and cards issued by commercial banks.

Unlike everyday card payments, where payments are “private”, the digital euro would allow citizens a direct use of digital “public” money, now mainly available in the form of cash.

Under the European Commission’s proposal, the digital euro would include a digital wallet that could be used both online and offline, with payments not trackable.

The digital euro proposal has surged in importance thanks to economic tensions between the EU and the US, offering as it does an alternative to Visa and Mastercard, the two US-based payment systems used in everyday life by most Europeans.

EU’s legislative politics

The proposal has already been backed by EU countries in the Council, leaving the Parliament as the last co-legislator to take a position on the file.

However, the Parliament is experiencing a political deadlock, with the MEPs working on the proposal having difficulty agreeing on a common vision for the digital euro’s design.

In particular, the leading rapporteur on the file, centre-right Spanish MEP Fernando Navarrete, is proposing to reduce the digital euro’s scope, for instance by designing it solely for offline use. In that scenario, the digital euro would not be an alternative means of payment to Visa and Mastercard.

While the centre-right European People’s Party will likely be divided over the proposal in the vote, many far-right parties have expressed sharp disagreement to the proposal. Last week, the Spanish far-right party Vox asked the European Commission to withdraw it altogether.

In the passage that will be voted on Tuesday seen by Euronews, signatories ask for support for “an online and offline digital euro” that “should contribute to safeguarding universal access to payments” and not rely on solely private and non-European providers.

The signatories describes the design and the scope of the digital euro as in the European Commission proposal: “a complement to cash and private banking services […] to strengthen European monetary sovereignty, reduce fragmentation in retail payments and support the integrity and resilience of the single market”.

Supporters of the amendment

The passage in the report, which supports the original proposal of the European Commission with a larger scope for the digital euro, was proposed by Italian MEP Pasquale Tridico of the Five Stars Movement, which currently sits in The Left group at the European Parliament.

“Today we are totally dependent on the big American players – Visa and Mastercard – and this makes the EU weak and dependent on Trump’s decisions,” Tridico told Euronews, adding that delays and boycotts by minorities at the European Parliament are “counterproductive”.

“If the American president woke up one day and decide to cut Europeans off from digital payment circuits, European citizens would no longer be able to make purchases using credit cards, which are by far the most widely used means of payment today.”

The amendment in support of the digital euro has attracted the support of MEPs from several political groups, including the centre-right European People’s Party, the Socialists and Democrats, Renew Europe, the Greens and The Left.

Brothers of Italy, the party of the Italian Prime Minister Giorgia Meloni in the European Conservatives and Reformists group (ECR), will vote in favour of the amendment, according to a Parliament official who spoke to Euronews in condition of anonymity.

At the time of publication, no other MEPs from ECR, Patriots for Europe or Europe of Sovereign Nations have expressed support.