European Union advances digital euro launch and accelerates Greek fund absorption

The European Parliament's Economic and Monetary Affairs Committee approved the EU's digital euro plan on 23 June, targeting a rollout by 2029. The central bank‑backed digital currency will complement cash, allow offline payments and protect user privacy, aiming to reduce dependence on U.S.‑controlled payment networks. The European Central Bank welcomed the decision, stating it “ensures cash remains legal tender while creating a framework for the digital euro.”

In Greece, the absorption of European Union financing under the 2021‑2027 Multiannual Financial Framework reached 29.6% by May 2026, according to the Bank of Greece. To date, €6.1 billion has been disbursed, including €1.7 billion from structural and investment funds and €0.6 billion from agricultural subsidies. Officials warn that faster disbursement will be needed in the remaining three years to support investment, employment and regional development.