Piero Cipollone: The cooperative spirit at the heart of the digital euro
What changed vs prior statement
- 01No material change in policy stance vs prior statement.
- 02Language essentially preserved across key themes on monetary sovereignty and digital currency.
- 03Vote split: No vote-record change.
From the original
Lecture by Mr Piero Cipollone, Member of the Executive Board of the European Central Bank, at the annual meeting of the Federation of Italian Cooperative Credit Banks (Federcasse), Rome, 17 July 2026.
Related speeches
4 itemsPiero Cipollone: The cooperative spirit at the heart of the digital euro
Piero Cipollone: Money in the digital age
Piero Cipollone: Digital assets, payment efficiency and monetary policy
The desk believes that the integration of digital assets into the monetary policy framework will enhance payment efficiency and improve policy transmission. Per the full note [source], Piero Cipollone of the ECB emphasized the potential for digital currencies to streamline financial transactions and bolster monetary policy effectiveness. This perspective aligns with the growing consensus that digital assets could reshape traditional banking and finance. As we look ahead, the upcoming ECB meetings will be pivotal in assessing how these digital innovations are incorporated into broader monetary strategies.