Latvia's Ministry of Finance reported that State Secretary Baiba Bāne and ministry representatives took part in Eurogroup discussions in Brussels on European economic resilience and competitiveness, including the digital euro and the Banking Union. Finance ministers, together with the European Commission and the European Central Bank, reviewed progress on the digital euro project and discussed further steps to ensure a timely and coordinated implementation process. The ministry noted that the digital euro preparation phase will continue until autumn 2025, covering development of the payment scheme, functionality testing and selection of technology partners. Legislative negotiations in the Council are still ongoing, with issues to be agreed including the compensation model, holding limits, privacy protections and the legal basis for issuance, alongside Latvia’s stated aim of ensuring both cash and the digital euro have legal tender status. The meeting also covered the development of the Banking Union, the work of the Single Resolution Board and preparations for the European Stability Mechanism annual meeting, while the extended Eurogroup format focused on analysis of G7 and global economic trends.

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