In an August 2026 interview, Piero Cipollone, ECB Executive Board member, emphasized the need to remove internal Single Market restrictions to strengthen European firms. He highlighted the European Single Market’s potential to enable cross-border expansion, reduce production costs, and enhance competitiveness, particularly in sectors like manufacturing and IT. Cipollone stressed that barriers to free movement of goods and services hinder firms’ ability to achieve efficiency. He noted the ECB’s focus on maintaining price stability to reduce uncertainty and support firm planning. Regarding the digital euro, he clarified it will complement cash, function offline with limited transaction data visibility, and prioritize privacy by not linking payments to individuals. The ECB also addressed inflation risks, stressing the importance of fiscal policies to mitigate external shocks while advancing renewable energy adoption.
© European Central Bank, 2025.
Summary derived from the ECB website (https://www.ecb.europa.eu ).
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