Changes between two versions
What changed between the plenary report and the adopted text
AI:What changed, in short
The digital euro provisions are substantially changed: Parliament now demands a political decision by EU co-legislators before introduction, and the ECB must demonstrate benefits first.89 The call on market neutrality is softened by noting it is an operational tool, not a legal requirement.10 Other changes are formal: updated inflation figures and months, and a decimal separator correction.1234
3 changes of substance · 6 formal · 1 of wording only
Written by AI from the two texts only · read the changes before relying on it · 4 Sept 2026 · Report a problem
Changes to the text itself, in document order. Cover page, citations and punctuation-only edits are left out; they are under “Every difference”.
Changes of substance · 3
Change 8 Substance
AI summary:Changes the stance on the digital euro: now notes progress instead of welcoming it, and requires the ECB to demonstrate benefits before EU co-legislators decide on introduction.
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Changed:26. WelcomesNotes the ECB’s progress on the digital euro project and welcomes its ongoing dialogue with Parliament; underscores that theany digital euro should deliver clear added value to European citizens, including enhanced strategic autonomy in payments, a higher level of competition in the retail payment market, potential to foster innovation in payments and finance, improved financial inclusion and a reliable offline backup payment system; calls on the ECB to clearly communicatedemonstrate these benefits in order tobefore fosterthe publicEU trustco-legislators anddecide awareness;whether notesor thatnot theto EUintroduce co-legislatorsa willdigital needeuro tothat strikestrikes the right balance, among others, on holding limits, privacy concerns, competition with private payment solutions and usability in a business context;
Change 9 Substance
AI summary:Replaces paragraph 27 with a demand that the decision to issue the digital euro be taken by EU co-legislators, not solely by the ECB; moves the information campaign paragraph to 28 and adds a new paragraph 29 on cash.
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Removed:27. Considers that the digital euro will only become a success story if it provides tangible added value for European citizens that they can understand; notes that currently many European citizens either have not heard about the digital euro project or remain sceptical; invites the ECB, together with relevant stakeholders, to launch a broad information campaign on the digital euro in order to allay citizens’ concerns;
Added:27. Demands that any decision to issue the digital euro should not be taken exclusively by the Governing Council of the ECB; considers, instead, that the decision on whether or not to introduce a digital euro is ultimately a political decision that has to be taken by the EU co-legislators, given the profound potential impact of such a decision on a wide range of EU domains, including privacy, consumer protection, financial stability, financial policy and other areas that go beyond the strict remit of monetary policy;
Removed:28. Reiterates that the digital euro will serve as complement to physical cash, that it should not replace cash and that cash will remain widely available and accessible at all times in order to ensure a plurality of means of payment; welcomes, in that context, the proposal for a regulation on the use of euro cash as legal tender;
Added:28. Considers that the digital euro will only become a success story if it provides tangible added value for European citizens that they can understand; notes that currently many European citizens either have not heard about the digital euro project or remain sceptical;
Added:29. Reiterates that cash should remain widely available and accessible at all times in order to ensure a plurality of means of payment; welcomes, in that context, the proposal for a regulation on the use of euro cash as legal tender;
Change 10 Substance
AI summary:Changes the call on the ECB to respect market neutrality, adding that the ECB acknowledges it as an operational tool rather than a legal requirement.
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Changed:36.37. InsistsCalls thaton the ECB to respect the market neutrality approach in its monetary operations;operations, while noting that the ECB acknowledges that market neutrality is an operational tool, rather than a legal requirement;
6 formal changes: legal basis, citations, references, corrections
Change 1 Formal
AI summary:Updates the inflation figure from 2.2% to 2.4% and the month from November to December 2024.
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Changed:A. whereas, according to Eurostat, harmonised index of consumer prices (HICP) inflation reached a level of 2.22,4 % in the euro area in NovemberDecember 2024;
Change 2 Formal
AI summary:Updates inflation projections for 2025-2027 and adds a sentence noting substantial variance across the euro area.
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Changed:B. whereas, according to the December 2024 Eurosystem staff macroeconomic projections for the euro area, HICP inflation is projected to decline to 2.12,1 % in 2025, 1.91,9 % in 2026, and to increase to 2.12,1 % in 2027; whereas inflation projections show substantial variance across the euro area;
Change 4 Formal
AI summary:Updates core inflation figures and month, and changes the number of member states from one to three.
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Changed:9. Regrets that core inflation still remains high in the euro area (2.7(2,7 % in NovemberDecember 2024), with only onethree euro area Member StateStates reporting core inflation rates below 2 % in NovemberDecember 2024; recalls that this situation generates economic uncertainty, discourages savings and increases citizens’ living costs, particularly affecting those on fixed and limited incomes;
Change 5 Formal
AI summary:Updates inflation figures and month references.
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Changed:15. Strongly welcomes the fact that headline inflation has come down from its peak of 10.610,6 % in October 2022 to 2.22,4 % in NovemberDecember 2024;
Change 6 Formal
AI summary:Updates core inflation figures and month references.
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Changed:16. Welcomes the decrease in core inflation from its peak of 7.67,6 % in March 2023 to 2.72,7 % in NovemberDecember 2024, but expresses its unease at its historically and persistently high level; notes with concern that high core inflation could translate into higher headline inflation numbers;
Change 7 Formal
AI summary:Updates the percentage from 0.8% to 0,8% (decimal separator).
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Changed:22. Underlines that interest on commercial banks’ holdings of bank reserves resulted in the Eurosystem paying more than EUR 120 billion interest to credit institutions in 2023, amounting to at least 0.80,8 % of euro area GDP; considers this is a significant subsidy to the banking sector; asks the ECB to mitigate this issue;
1 change of wording only
Change 3 Wording
AI summary:Removes the word 'core' from the phrase 'headline and core inflation'.
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Changed:8. Stresses that inflation triggered a ‘cost of living crisis’ for EU citizens; emphasises therefore the imperative of reducing inflation to its target rate of 2 %; notes that high inflation levels disproportionally affect lower-income households that spend a higher proportion of their budget on necessities; stresses that bringing headline and core inflation back down to their target levels is therefore also important to maintaining social cohesion;