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Research
Feb 10, 2026

The Digital Euro: Technical Readiness & Political Indecision

London Politica

In this paper, we discuss:

  • ECB is technically ready to issue a digital euro, but political approval is still missing;
  • EU institutions are split: the Council supports conditional adoption, while the Parliament remains divided;
  • Strategic driver is sovereignty: reducing reliance on US payment systems and dollar stablecoins, not technology per se;
  • Launch has slipped to around 2029, with delays increasing the risk of de facto digital dollarisation in Europe.

Download PDF: Digital Euro – February 2026

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