The Council's Working Party on Financial Services and the Banking Union (Financial Services) is scheduled to meet on 7 July 2026 in Brussels to prepare the first trilogue negotiations on the Single Currency Package, which includes the digital euro. The meeting, involving attachés only, will take place at the Justus Lipsius building from 10:00 and is expected to last the full day.
The Single Currency Package, proposed by the European Commission, aims to establish a legal framework for a digital euro, a central bank digital currency issued by the European Central Bank. The package includes two legislative proposals: one on the digital euro's legal tender status and another on its provision and distribution. The trilogue will bring together negotiators from the Council, the European Parliament, and the Commission to reconcile their positions.
This preparatory meeting follows the Council's adoption of its negotiating mandate on the digital euro package earlier this year, and the European Parliament's adoption of its position in April 2026. The trilogue is expected to address key issues such as the digital euro's offline functionality, privacy features, and holding limits for individuals.
The meeting is a procedural step ahead of the first formal trilogue, which is expected to take place later in July. The outcome of these negotiations will shape the final legislation, impacting EU consumers, banks, payment service providers, and the broader financial ecosystem.