market

A HISTORIC market in England is getting a massive revamp – and its in a town named one of the best places to live.

Founded back in 1170, Kingston’s Ancient Market is one of the oldest in London and even the entire UK.

Today, it is home to about 30 local traders including fishmongers, a bakery and street food.

Plans have now been submitted to give the Kingston Market Square a major revamp turning the square into a ‘piazza’, with 45 new Borough Market-like stalls made from sustainable materials with solar panels on top.

The piazza would host pop-ups as well as farmers’ markets, weekend events and concerts too.

If the plans are approved, the Market House nearby would get a refurb as well with the ground floor turned into a restaurant and cafe and the first floor becoming an events space.

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And there would be a new roof terrace overlooking the revamped square.

The statue of Queen Anne that currently sits in the square, will be relocated to the edge of the square too.

The planned revamp is also part of a bigger project to completely revive the area.

Since last year, Between the Bridges – the same operator as the Between the Bridges attraction on South Bank in London – has been operating the 800-year-old Kingston Ancient Market.

Throughout the year, the market usually hosts a number of different events including a Maker’s Market and Christmas market.

The market is open every day from 10am to 5pm.

One recent visitor said: “The market is charming, and offers some very nice gourmet foods, both to take home and dine out for lunch.

“Great atmosphere, particularly in the lead up to Christmas when it really comes alive with a kind of German Christmas market feel and the smell of mulled wine fills the air.”

Another added: “Kingston-upon-Thames is one of London’s most beautiful suburbs.

“The historic square is also a delightful place surrounded by beautiful and historic buildings.”

Last year, Kingston was also named the second best place to live in the UK by The Times.

The Better Lives Index, which is produced by the International Longevity Centre (ILC) think tank, ranks the authorities across the UK based on nine categories.

Categories include life expectancy at birth, the child poverty rate, pollution, disposable income, housing costs, ‘avoidable’ mortality, life expectancy at 65, economic activity for over-16s and economic inactivity of 50 to 64-year-olds.

If visiting the market or Kingston, make sure to head to the edge of the market square where you will find All Saints Church, which dates back to 1120.

Venture through the town too, where you can peruse a number of independent shops and grab a bite to eat at one of the restaurants right next to the river.

You can also head to a couple of pubs with outdoor gardens right next to the river.

If the sun is shining, you can even rent your own boat and sail on the River Thames.

From Central London, it takes just 25 minutes to get to Kingston on the train.

For more places outside of London to explore, there’s an English village under an hour from the city that makes the perfect day out.

Plus, have a look at the trendy London neighbourhood with world-famous new museum and cool hotels.

A low-key and cosy eatery in a market town has been crowned Best Pasta Restaurant at the Italian Awards 2026, putting the Derbyshire hidden gem on the culinary map

Italian cuisine is always a firm favourite when it comes to dining out but what you might not realise is that some of the finest examples can be found right on your doorstep.

In what has essentially become the Oscars of the Italian hospitality world, the Italian Awards 2026 took place recently, celebrating the very best pizza, pasta, restaurants and cafés across the UK.

And in a fiercely competitive category, the winner of Best Pasta Restaurant turned out to be a hidden gem nestled in New Mills, High Peak, Derbyshire.

A Tavola Gastronomia Siciliana, the authentic Italian eatery, claimed the coveted prize – and will no doubt see a wave of curious food lovers descend upon them as a result.

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Led by award-winning chef Alessio Muccio, the restaurant takes great pride in producing fresh pasta, gelato and pastries on the premises, using traditional Sicilian ingredients.

Their website states: “Our restaurant is small and cosy and adorned with Sicilian artefacts; it’s a little slice of Sicily here in the High Peak.”

One delighted customer left a glowing review on TripAdvisor, saying: “A Tavola is a colourful, warm, and welcoming trattoria located in the dark, cold, wintery heart of the Peak District.

“Highly recommended for those longing for those rich Sicilian flavours but far from the light and abundance of the Bel Paese. Sicilian sweet and sour flavours are present in many dishes, from pistachio and fennel to sardines with pine nuts and raisins.”

Another reviewer said: “What a wonderful restaurant! A lucky find as we were looking for somewhere to eat before going to hear some live music nearby. Very friendly staff, delicious food and a convivial ambience.

“I only wish it were not over 100 miles from my home. I highly recommend a visit, especially if you are missing being in Italy! You will be transported!”

The Derbyshire eatery bills itself as a ‘labour of love’ from the chef, who has crafted a menu designed to accommodate all dietary needs. What’s more, his specials change with the seasons to guarantee fresh and seasonal ingredients year-round.

These touches haven’t gone unnoticed by diners, with one writing: “Absolutely fantastic food and service. From start to finish totally delicious. Thanks so much. Can’t wait to go back. 5 stars!”

It’s an unexpected location to discover authentic, mouthwatering Italian pasta, nestled in a market town, but it’s definitely worth stopping by while exploring the Peak District.

The restaurant sits on Albion Road, New Mills, High Peak, roughly eight miles south-east of Stockport and just 13 miles from Manchester.

While it might seem somewhat off the beaten track, it wasn’t quite concealed enough to escape the notice of the Italian Awards, which bestowed upon it the recognition its patrons believe it richly deserves.

Awards Director Warren Paul, discussing the launch of the Italian Awards for 2026, expressed his delight in celebrating the efforts of “passionate people”. He added: “That’s why we do what we do.

“It’s to make sure the hard-working inspirational people and businesses get the recognition they deserve.

“Everyone jumps to criticise and leave a negative review or complaint over the tiniest thing, but very few rush to praise good service, food and experiences. That’s where we come in. So congratulations to our winners.”

Highly Recommended restaurants in the same category included:

• Italian Touch By Ivano Pizzeria & Ristorante (Bedford)
• Mele e Pere (London)
• Primavista (Bury St Edmunds)
• Shambles Restaurant & Winebar (Teddington)
• The Kettlebridge Inn, Bar & Italian Restaurant (Cupar)
• A Tavola Gastronomia Siciliana (New Mills)

The pretty market town is famous for many things, including being the home of former Great British Bake Off judge Prue Leith

A pretty market town home to an iconic TV judge blew me away – not least because of its high street. Moreton-in-Marsh in the Cotswolds clearly attracts a remarkable number of visitors, judging by the sheer volume of eateries lining its streets.

A visit to the town’s high street reveals an almost unbroken row of bakeries, cafés, pubs, and artisan bistros – quite the sight for a town with a population of just over 5,000 residents (5,015 according to the 2021 Census).

Philip, 53, a cellarman at the local brewery, reflected on the changes: “It’s more touristy stuff. You don’t get so much. The old tour shops gone, the old card’s shop gone. Some of the shops have disappeared, definitely got more touristy. It’s got pluses and negatives. Got a supermarket and the market’s still here.”

When asked whether he ever crosses paths with the town’s most celebrated resident – former Great British Bake Off star Prue Leith – Philip was blunt: “I don’t.”

It seemed only fitting to pen this piece from within The Bell Inn. This much-loved establishment was once frequented by J.R.R. Tolkien himself, reportedly inspiring The Prancing Pony Inn featured in The Lord of the Rings.

We won’t Tolkien the micky (apologies…) and claim any resemblance to that literary giant, but there are certainly far worse spots to settle in than a pub crowned winner of The Pub of the Year in the North Cotswold Campaign for Real Ale Pub of the Year competition, reports Gloucestershire Live.

Inside, the atmosphere is wonderfully unpretentious – a lengthy rope allows dogs to wander freely, locals chat about everyday matters, and a map of Middle Earth adorns the wall.

The walls are adorned with vintage cameras, motorsport posters advertising motor oil, and numerous plug sockets for customers to charge their laptops and other devices.

According to two staff members I chatted to, regulations stipulate that no single pub can claim victory two years running, meaning the Bell may miss out on silverware this year.

Nevertheless, the establishment, which I selected after Google reviews highlighted its affordability, delivered a peppermint tea alongside fish and chips for a reasonable £12.50.

This followed a £3.90 cappuccino from Grouch Coffee, a nine-year-old enterprise near the local train station that began life serving coffee from the rear of a Piaggio.

Fresh from a 100-mile journey in my cherished MINI, and despite my reservations about Allpress beans, it was unmistakably a vital fixture in the community.

The proprietor and staff engaged warmly with families, while comedy posters and tea towels were scattered throughout the tastefully furnished cafe; a cafe situated in a town brimming with spring sunshine.

Emerging from New Road onto the fittingly named High Street, a bustling market was trading trinkets, carpets, fruit, vegetables, and antiques. Venture past the market, beneath which lies a sizeable car park, and you’ll find yourself facing an extensive row of shops, seemingly positioned every six feet or so.

Most of them, as Phil mentioned above, are coffee shops and cafes. Choosing where to grab a bite proved tricky, but if anyone’s concerned about the decline of the high street, Moreton’s appears to be thriving – particularly with a large Co-Op and Tesco Express nestled amongst the independent coffee shops and pubs.

Was it attractive? Certainly in the surprisingly mild spring sunshine, it felt like somewhere you could do more than simply pass through. It had the feel of a town worth pausing at during a long journey – a worthwhile and peaceful pit stop.

Regarding the former Bake Off judge, I’d also enquired at Grouch whether Prue was frequently spotted, and the response was no, not particularly; though perhaps she travels through on her way to the station to catch the 1h 31m £32 15:54 service to London Paddington for an evening out.

Prue has opted to make her home here, in a property she constructed with her husband John Playfair, and it seems to be an excellent town. The key question, though, remains: ‘Should I visit?’.

Absolutely. It would be a pru-dent choice.

The economic ripple effects of the Iran conflict are pushing mortgage rates higher, adding new pressure to the U.S. housing market even as conditions tilt in favor of buyers, the Associated Press reported Saturday.

Rates on a typical 30-year mortgage

April 4 (UPI) — A Russian drone attack on a market in Nikopol, Ukraine, killed five people and injured at least 19 others Saturday, local officials said.

The strike hit the town in southeastern Ukraine, just across the Dnipro river from Ukrainian land now occupied by Russia, the BBC reported. Nikopol faces regular attacks from Russia due to its proximity.

Oleksandr Hanzha, the head of the regional military administration, said there were three women and two men among the dead. The injured included a 14-year-old girl, Sky News reported.

The Ukrainian prosecutor general’s office described the attack as “yet another war crime by Russia.”

The nearby city of Sumy was also targeted by strikes overnight, with 11 people injured, the national police said. Among the damaged buildings were residential areas and utility networks.

The country’s State Emergency Service also reported strikes at a three-story office building in Kyiv, causing a fire on the first floor.

All told, the Ukrainian military said it down 260 of the 286 drone strikes launched toward its airspace overnight.

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SK hynix Inc. said Wednesday it has begun taking steps for listing on the U.S. stock market as the chipmaker aims to improve access to global investors amid its artificial intelligence (AI) drive.

The South Korean chipmaker filed a “confidential submission” to the U.S. Securities and Exchange Commission (SEC) the previous day, with a goal to have its American depositary receipts (ADRs) listed on the U.S. stock exchange within the year, it said in a regulatory filing.

“We are preparing with the goal of listing in the second half,” Chief Executive Officer (CEO) Kwak Noh-jung said during a general shareholders meeting in Icheon, some 50 kilometers southeast of Seoul.

“As the issuance size and method have not yet been finalized and the listing review process has begun, I cannot disclose specific details in accordance with domestic and international laws and regulations,” he said. “We plan to proceed in a way that helps enhance shareholder value.”

ADRs refer to securities issued in the U.S. stock market that allow the trading of shares in foreign firms. They allow companies to attract U.S.-based investors without a full listing of common shares.

The size, schedule and other details of the process have not yet been confirmed and will largely be determined by market environments, the company noted, adding the final decision will be made by the SEC.

SK hynix’s move is expected to help the chipmaker broaden its funding base in overseas markets, industry watchers said.

The chipmaker said it plans to make another related regulatory filing within six months or earlier if there are further updates.

Separately, Kwak outlined plans to secure more than 100 trillion won (US$66.8 billion) in net cash to support long-term strategic investment for further growth.

“Financial soundness that enables stable investment is essential to respond to structural demand growth and maintain competitiveness,” Kwak said. “We will secure world-class financial strength to lay the foundation for long-term growth.”

According to an annual report, SK hynix maintained net cash of 12.7 trillion won as of end-2025.

Kwak added the company will continue shipments of its high bandwidth memory (HBM) chips as planned this year and aims to release samples of the next-generation HBM4E product later this year.

“HBM3E chips remain the mainstay, and shipments of HBM4 will increase in the second half. Our overall shipment schedule remains largely unchanged,” he said. “We plan to present samples of HBM4E within the year.”

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

March 20 (Asia Today) — This commentary is the Asia Today Editor’s Op-Ed.

With Seoul apartment values posting their biggest increase in five years, concerns are growing that a heavier property tax burden will spill into the Jeonse and monthly rental markets. Jeonse is a unique Korean housing lease system where tenants pay a large lump-sum deposit instead of monthly rent, and get it back at the end of the lease.

Landlords are already showing signs of passing higher holding costs on to tenants through steeper rents and larger Jeonse deposits. If the government now moves to raise taxes further, including on single-home owners whose properties are deemed non-residential, it risks worsening instability in the rental market.

According to the Korea Real Estate Board, Seoul apartment Jeonse prices rose for a 57th straight week as of the second week of March, with the cumulative increase reaching 4.79%. Monthly rents climbed even faster. In February, the average monthly rent for an apartment in Seoul stood at 1.515 million won, or about $1,010, up 12.5% from a year earlier.

The sales market, by contrast, has cooled. Apartment prices in Seoul’s three Gangnam districts and Yongsan-gu have fallen for four consecutive weeks. But the Jeonse and monthly rental markets are becoming more unstable as new apartment supply shrinks and listings for existing units tighten. The shortage has been aggravated by the reinstatement in May of a capital gains tax surcharge on owners of multiple homes.

Against that backdrop, higher officially assessed home values are likely to add even more upward pressure on rents. The Ministry of Land, Infrastructure and Transport said this year’s official values for multifamily housing in Seoul rose 18.67% from a year earlier. That was the third-largest increase on record, behind only 2007 and 2021, both periods of sharp home-price gains.

In the three Gangnam districts and the Mapo-Yongsan-Seongdong area, where assessed values climbed more than 20%, many homeowners could see property tax bills rise by more than 50%. Even without a revision to tax law, the annual burden can increase by as much as 50%. Once local education taxes and the rural special tax are included, the actual increase can be even greater.

The number of single-home owners subject to the comprehensive real estate tax also rose sharply. Homes assessed above 1.2 billion won, or about $800,000, now total 487,362, up 170,000 from a year earlier.

For many elderly homeowners living on national pension payments, interest income or dividends, annual property taxes running from several million won to tens of millions of won can be difficult to absorb. Assessed values are also used to calculate regional health insurance premiums and can affect existing pension burdens, making the overall impact even heavier.

South Korea has already seen what happens when landlords shift tax costs onto tenants. During the previous progressive administration, rising tax burdens contributed to sharp increases in monthly rents and Jeonse deposits. Past data show that when the property tax rate rises by 1 percentage point, about 30% of the additional burden is passed on through Jeonse deposits and roughly 40% to 50% through monthly rent.

Even so, the government is considering higher property taxes or smaller long-term holding deductions to curb what it calls high-value single-home investments used for non-residential purposes. But real estate taxation can have broad collateral effects. If efforts to suppress housing prices go too far, tenants may once again end up paying the price.

The government should scrap any reckless plan to raise property tax rates on single-home owners.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260319010005978

Live Nation, the ticketing giant that reached a tentative settlement with the Department of Justice last week, remains under fire.

A coalition of more than 30 states that had joined the original lawsuit filed in 2024 is refusing to accept the $200-million settlement, causing the trial to resume this week in Manhattan’s Federal Court.

The settlement with the Justice Department requires Beverly Hills-based Live Nation to open Ticketmaster to rival ticket sellers, force the company to open select venues to competing promoters and cap service fees at 15%. California is one of the key states still involved in the trial.

But those steps fall short, critics say.

“It’s clear that Live Nation has manipulated the market and made itself untouchable by competitors, hurting artists, hurting fans, hurting venues, all the while, raking in the cash,” said California Atty. Gen. Rob Bonta at the Capitol Forum conference last week. “Not because it’s a better service or product, because it acted illegally and created a monopoly.”

U.S. senators have also chimed in. Minnesota’s Amy Klobuchar recently introduced the Antitrust Accountability and Transparency Act to strengthen the review of antitrust settlements. Klobuchar said in a release that it’s “clear the American people got the raw end of the deal.”

And Connecticut’s Richard Blumenthal released a report that provides new details into the inner workings of Ticketmaster and urges attorneys general across the nation to reject the settlement.

Blumenthal said that the Trump administration’s settlement with Live Nation will keep consumers vulnerable to Ticketmaster’s “anticompetitive practices” and ultimately push “concert tickets farther out of reach for fans.”

The senator’s report, entitled “So Casually Cruel: How Ticketmaster’s Monopoly Supercharges Prices and Fees,” examined over 100,000 documents and Ticketmaster’s revenue data. The report argues that the company leveraged its market control to make tickets available on the resale market before they were available to the general public in an effort to hike prices and boost profits.

“The ticketing market is broken,” Blumenthal said in a statement.

In its own statement, Ticketmaster said Blumenthal’s report “misrepresents how the live events industry works” and that the problem lies in the secondary ticketing industry.

“This is why we’ve long called for industry resale reform, including price caps, while also developing tools to empower artists and protect fans,” Ticketmaster said in a statement.

Recently, Ticketmaster has backed ticketing bills like AB-1349 and advocated to Congress for an industry-wide resale cap.

Sens. Blumenthal and Klobuchar are among many industry experts who say the settlement doesn’t adequately address anticompetitive practices and falls short of protecting consumers from high ticket prices.

Under Klobuchar’s new bill, courts could have 90 days to review public comments and government responses.

“When the government prosecutes antitrust violations, the goal should be to uphold the law, lower prices, and protect consumers and small businesses,” Klobuchar said in the statement.

Lindsay Owens, the executive director of the economic policy nonprofit Groundwork Collaborative, said the settlement will end up being “incredibly costly for concertgoers, performers, and independent venues.”

“California and 35 other states are standing up for Americans who are sick and tired of being ripped off and having to scrimp and save to enjoy a night out,” Owens said in a statement.

This ongoing trial is one of several major legal battles the ticketing giant is facing. The company is also being sued by the Federal Trade Commission and is dealing with a handful of class-action lawsuits from groups of concertgoers.

Times staff writer Meg James contributed to this report.

It’s the perfect place if you like a combination of adventures and chilling out, taking in the gorgeous scenery.

A historic market town in the UK is definitely worth a visit this spring, as there’s so much to see and do there. It’s ideal for adventure seekers, and those who just want to walk around, eat good food and chill out.

Tregaron is one of Wales’s oldest market towns. It’s home to independent retailers, coffee shops, and the elegant Y Talbot, a grade II-listed hotel, pub, and restaurant, positioned right in the town square’s centre.

From here, you can embark on an exhilarating road trip along a former drover’s track that showcases hairpin turns through wild terrain.

The Abergwesyn Pass is a 20-mile single-track route stretching from Llanwrtyd Wells to Tregaron. Along this isolated road, you’ll encounter a notorious stretch called “The Devil’s Staircase”, reports Wales Online.

This appropriately named portion of the Abergwesyn Pass features hairpin curves and sharp climbs that aren’t suited to anxious motorists.

For adventurous drivers, you’ll love tackling one of Wales’ most isolated countryside regions, encountering sheep, gnarled trees and rocky formations along the way. It’s extremely steep, reaching a maximum gradient of 20.1%, and cuts through thick woodland towards miles of expansive, barren valleys, providing a descent that will push your brakes to their absolute limits.

Drive carefully and enjoy the scenery as you meander through the wilderness of the Cambrian Mountains, where you could potentially encounter nobody throughout your entire journey. You can also tackle this route by bicycle if your legs are ready for the test.

As well as the Abergwesyn Pass, Soar y Mynydd, Wales’ most isolated chapel, is worth the detour. This modest, whitewashed church was constructed in 1822 to minister to an extremely dispersed community of farmers.

Wandering through this tranquil location, you could easily assume the chapel has been deserted for years. Actually, visiting preachers travel from across Wales to hold services in Welsh.

It’s a serene spot for a picnic, as there’s often nobody else there.

Llyn Brianne Reservoir also deserves a stop to witness an enormous dam. You might be surprised to learn that this striking stone-built dam is Britain’s tallest, rising 91 metres (300 ft) above the River Tywi.

Containing an incredible 64 million cubic metres of water at almost 300 metres (990 ft) above sea level is a remarkable engineering achievement. Building work began in October 1968, with the dam constructed from crushed rock, larger stone, and clay sourced from the surrounding area.

After dark, it becomes a stargazing hotspot in the Cambrian Mountains, making it an excellent location for astrophotography.

Further south, beyond Llyn Brianne reservoir, lies the amazing RSPB Gwenffrwd-Dinas reserve. The reserve encompasses vital habitats of oak woodland, wet alder woodland, and scrubland, all defined by heavy rainfall and swift-flowing rivers.

These conditions are ideal for woodland birds, whilst also offering the perfect environment for significant lichens and bryophytes. Whether you begin or finish the route at Tregaron, you should make time to discover this small Welsh-speaking town. Here, you’ll discover a livestock market, the Tregaron Red Kite Centre and Museum, and locally sourced food and cask ales in a beautifully converted 16th-century Welsh inn.

Y Talbot is an independently owned hotel and Michelin Guide-listed restaurant with 2 AA Rosettes. This charming boutique hotel radiates a ‘cosy country inn’ atmosphere with its slate floors and inglenooks.

The location is said to be the final resting place of a circus elephant which perished in 1848 and lies beneath what is currently Y Talbot’s beer garden.

The establishment, run by head chef Dafydd, who trained under Marco Pierre White, showcases regional ingredients, including lamb, beef, and cheeses sourced from the Teifi Valley, fish from Milford Haven, and shellfish from Cardigan Bay.

Close by, you’ll also discover a neglected Welsh abbey where princes lie buried. Strata Florida Abbey near Tregaron is a remarkable location in Wales where history, royalty, and spirituality meet.

Established in 1201 by white-robed Cistercian monks, this hallowed ground was formerly among medieval Wales’s most vital religious and cultural hubs.

It also serves as the burial site of numerous Welsh princes, including the renowned Llywelyn the Great, who famously convened a council here to guarantee his son Dafydd’s position as the legitimate successor to the Welsh throne.

The Abbey was established as a major institution serving the indigenous population of Wales and Western Christianity through its affiliation with the pan-European Cistercian Order of Monasteries.

The carved west doorway into the Abbey remains standing in isolation and provides an eternal vista down the nave towards where the high altar formerly stood.

You can still see some of the decorated tiles that would have adorned the church floors, along with elaborate carvings throughout the site.

The EU’s six largest economies are urging Brussels to accelerate the long-awaited integration of capital markets to “strengthen Europe’s growth potential”, according to a letter sent on Tuesday to the Eurogroup boss and several EU commissioners.

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The finance ministers of France, Germany, Italy, the Netherlands, Poland and Spain say that making tangible progress on the rebranded “Savings and Investment Union” has become an “urgent necessity,” pledging to push “this important project forward”, in a letter addressed to EU economy chief Valdis Dombrovskis and Eurogroup President.

“Deeper and more integrated capital markets would strengthen Europe’s growth potential, enhance its economic sovereignty and provide a stronger foundation for financing common priorities,” the letter said.

In particular, the ministers call on EU institutions to reach an agreement among member states by summer on one of the key elements of the capital markets integration agenda: the Market Integration and Supervision Package (MISP).

The MISP is a set of legislative proposals by the European Commission aimed at strengthening the supervision of financial market infrastructures across the bloc and improving how they operate.

“A central purpose of the package is to remove national barriers and to improve cross border distribution of investment funds, so investors have better access to the EU capital markets and companies benefit from deeper pools of capital”, the letter says.

The six countries also ask the EU to advance its digital payments agenda, specifically by promoting private pan-European payment networks that can compete with US-based Visa and Mastercard, and by accelerating the adoption of the digital euro.

Agreement by the summer

Capital markets allow companies and governments to raise funds by selling assets such as shares or bonds to investors.

To strengthen and integrate these markets across the EU, the European Commission has proposed a series of legislative measures under the Savings and Investment Union package.

In recent months, EU countries and institutions have signalled a more ambitious goal, aiming for an agreement among co-legislators on most of the SIU legislation by June.

However, EU countries are not fully aligned on the technical aspects of capital markets integration, causing delays to the broader strategic agenda.

Another key legislative proposal is the revisions of the securitisation framework, which are EU rules introduced in 2019 with the objective of ensuring safer market practices, to avoid other financial crisis such as the 2008 global shock.

The revision, which aims to simplify certain requirements and reduce high operational costs, is to be approved by autumn 2026, according to signatories.

Digital payments

The six EU countries also support the development of additional pan-European private digital payment solutions, viewed as a key pillar of the EU’s strategic autonomy, since most digital payments are currently processed through US-based infrastructures.

According to 2025 European Central Bank data, Mastercard and Visa account for 61% of card payments and nearly 100% of cross-border ones.

In this context, the six countries are also calling for an accelerated rollout of a public digital payment solution: the digital euro. Currently under negotiation, it would be an electronic form of cash issued by the European Central Bank, serving as an additional payment option alongside cash and bank-issued cards.

The project is facing significant delays in the European Parliament. In particular, the leading rapporteur on the file, the Spanish centre-right MEP Fernando Navarrete, is pushing to reduce the scope of the digital euro to offline payments only, in order to avoid competing with other private infrastructure, such as Visa and Mastercard.

“We push for swift conclusions of the legislative process of the digital euro and we invite the European Parliament to follow the Council’s approach to establish the digital euro (in both its online and offline modalities) as a comprehensive, interoperable and sovereign European payment solution for European citizens”, the six countries wrote in the letter.

The co-legislators initially aimed for full adoption of the digital euro by the end of 2026. However, due to delays in the parliament, the six countries have not set a specific adoption deadline.