European Central Bank – annual report 2024

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5.2.2025 A10-0003/26

Amendment 26

Auke Zijlstra, Jorge Martín Frías, Paolo Borchia

on behalf of the PfE Group

Report A10-0003/2025

Anouk Van Brug

European Central Bank – annual report 2024

(2024/2054(INI))

Motion for a resolution

Paragraph 18

Motion for a resolution	Amendment
18. Stresses that supply shocks, primarily originating from external sources, were among the key drivers of the inflation surges; recognises that monetary policy has a more direct effect on inflation levels when it stems primarily from demand factors rather than supply factors;	18. Stresses that supply shocks, primarily originating from irresponsible government policies, such as over-reliance on energy from unstable and unpredictable sources such as wind and solar, as well as political aversion to stable onshore energy sources, and worrying geopolitical developments, were among the key drivers of the inflation surges; recognises that monetary policy has a more direct effect on inflation levels when it stems primarily from demand factors rather than supply factors;

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5.2.2025 A10-0003/27

Amendment 27

Auke Zijlstra, Enikő Győri, Jorge Martín Frías, Paolo Borchia

on behalf of the PfE Group

Report A10-0003/2025

Anouk Van Brug

European Central Bank – annual report 2024

(024/2054(INI))

Motion for a resolution

Paragraph 26

Motion for a resolution	Amendment
26. Welcomes the ECB’s progress on the digital euro project and its ongoing dialogue with Parliament; underscores that the 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 communicate these benefits in order to foster public trust and awareness; notes that the EU co-legislators will need to strike the right balance, among others, on holding limits, privacy concerns, competition with private payment solutions and usability in a business context;	26. Notes that the US President Donald Trump has recently issued a ‘digital financial technology’ executive order terminating all federal agencies’ work on a digital US dollar; recalls that the Bank of Canada, the Swedish Riksbank and the Danish Nationalbank have also discontinued their work on their respective central bank digital currencies (CBDCs); calls on the ECB and the Commission to take these developments into account in the ongoing preparatory process and in their ongoing dialogue with Parliament;

Or. en

5.2.2025 A10-0003/28

Amendment 28

Auke Zijlstra, Jorge Martín Frías, Paolo Borchia

on behalf of the PfE Group

Report A10-0003/2025

Anouk Van Brug

European Central Bank – annual report 2024

(2024/2054(INI))

Motion for a resolution

Paragraph 31

Motion for a resolution	Amendment
31. Calls on the ECB to prioritise robust privacy safeguards, establishing them as a gold standard for privacy for central bank digital currency (CBDC), to secure public confidence and address citizens’ concerns regarding data protection and autonomy;	31. Calls on the ECB to prioritise robust privacy safeguards around the digital euro, in full compliance with the General Data Protection Regulation, Article 12 of the Universal Declaration of Human Rights, Article 8 of the European Convention on Human Rights and Article 7.1 of the Charter of Fundamental Rights of the European Union; insists that the exceptions to the right to personal data protection set out in Article 7.2 of the Charter should not apply to the ECB and the banking sector as regards data collected in connection with digital euro transactions; stresses that the privacy safeguards around the digital euro should become a gold standard for other financial institutions; insists that national data protection authorities be empowered to scrutinise the ECB’s data protection regime, including assessing compliance with national data protection regimes as regards the digital euro wallets of their own residents;

Or. en

5.2.2025 A10-0003/29

Amendment 29

Auke Zijlstra, Enikő Győri, Jorge Martín Frías, Paolo Borchia

on behalf of the PfE Group

Report A10-0003/2025

Anouk Van Brug

European Central Bank – annual report 2024

(2024/2054(INI))

Motion for a resolution

Paragraph 39

Motion for a resolution	Amendment
39. Calls on the ECB to use all its available tools to ensure that banks take all financial and external risks, including climate and geopolitical risks, seriously; welcomes the ECB’s activities to further enhance the Eurosystem’s risk assessment tools and capabilities in order to better include climate- and environment-related risks, particularly because climate change and extreme weather phenomena could lead to greater price volatility, especially in the agri-food sector; invites the ECB to continue its work on climate risk stress tests developed to assess the resilience of banks and corporations in the face of climate transition risk;	39. Calls on the ECB to use all its available tools to ensure that banks take all financial and external risks seriously, including geopolitical risks and risks resulting from negative effects of the Green Deal on prices, in particular of commodities, and negative effects on employment that may arise if an unpragmatic approach is taken to the digital and green transition; welcomes the ECB’s activities to further enhance the Eurosystem’s risk assessment tools and capabilities in order to better include environment-related risks, in so far as they are properly quantified, especially in the agri-food sector;

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