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Own-initiative report First reading

European Central Bank – annual report 2025

Parliament sets out its own position on a topic. The resolution is not binding but signals what Parliament wants.

Where it stands: Parliament adopted the text on 10 February 2026. This is its final position on the matter.

  1. ✓ Referred to committee 9 October 2025
  2. ✓ Committee work Report adopted 15 January 2026
  3. ✓ Tabled for plenary 16 January 2026
  4. ✓ Plenary vote Adopted 10 February 2026
  5. ✓ Parliament’s position Final
How a file moves through Parliament

A file is referred to one lead committee (others may give an opinion). Its rapporteur writes a draft report, committee members table amendments, and the committee votes to adopt the report. The report is then tabled for all MEPs; political groups can table further amendments, which are voted on before the final vote in plenary. The adopted resolution is Parliament’s final position; it is not itself law.

Who is working on it

Lead committee
ECON — Economic and Monetary Affairs
Rapporteur
Johan VAN OVERTVELDT ECR
Shadow rapporteurs
Ralf SEEKATZ PPECarla TAVARES S&DAuke ZIJLSTRA PfEVlad VASILE-VOICULESCU RenewMEP #96725 Verts/ALEJussi SARAMO The LeftRada LAYKOVA ESN

The rapporteur drafts and negotiates the text for the lead committee; each other political group names a shadow rapporteur to follow the file.

The text, version by version

Latest Tabled for plenary → Adopted by Parliament: Adds a solidarity statement with the US Federal Reserve and a concern about high living costs. Tightens the ECB's climate mandate to price stability only and adjusts market neutrality language. Expands the digital euro section, emphasizing inclusion and EU sovereignty. The other changes are formal: punctuation and decimal separators. see the changes →

Committee draft → Tabled for plenary: Updates inflation data and adds new recitals on expectations, balance sheet, and deflation. Revises monetary policy stance: welcomes rate cuts, urges prudent easing, and calls for assessment of target. Adds calls for reducing balance sheet, reviving interbank markets, and monitoring crypto-assets. Expands on secondary objectives: public finances, TARGET2, climate, and market neutrality. Adds institutional and operational items: Bulgaria, T2 outage, financial literacy, and governance. see the changes →

Newest version first. Open a version to read it in full. “What changed” shows the differences paragraph by paragraph; ✦ lines are AI-written from the texts themselves.

Timeline

  1. Plenary stage
  2. Adopted Adopted by a large majority
    For 443 Against 71 Abstained 117

    Final vote — text as a whole at 13:17 · 70% of votes cast in favour · every MEP’s position →

    How the vote unfolded · 56 ballots

    adopted rejected lapsed square = amendment circle = part of the text decisive vote Solid = roll call (click for every MEP’s vote); faded = no individual positions

    Show all 56 ballots in voting order
    1. Amendment 19 to paragraph 2 13:07 A10-0002/2026 – Johan Van Overtveldt – § 2 – Am 19
    Rejected
    2. Separate vote on paragraph 3
    — no individual positions recorded
    Rejected
    3. Separate vote on paragraph 5
    — no individual positions recorded
    Rejected
    4. Separate vote on paragraph 5
    — no individual positions recorded
    Rejected
    5. Separate vote on paragraph 5 13:08 A10-0002/2026 – Johan Van Overtveldt – § 5
    Adopted
    6. Amendment 22 to paragraph 6 13:08 A10-0002/2026 – Johan Van Overtveldt – § 6 – Am 22
    Rejected
    7. Amendment 7, adding text after paragraph 6 13:08 A10-0002/2026 – Johan Van Overtveldt – After § 6 – Am 7
    Adopted
    8. Amendment 23, adding text after paragraph 6 13:09 A10-0002/2026 – Johan Van Overtveldt – After § 6 – Am 23
    Rejected
    9. Amendment 24, adding text after paragraph 6 13:09 A10-0002/2026 – Johan Van Overtveldt – After § 6 – Am 24
    Rejected
    10. Vote on text inserted after paragraph 6
    — no individual positions recorded
    Rejected
    11. Separate vote on paragraph 7
    — no individual positions recorded
    Rejected
    12. Separate vote on paragraph 8
    — no individual positions recorded
    Rejected
    13. Amendment 27, adding text after paragraph 8 13:09 A10-0002/2026 – Johan Van Overtveldt – After § 8 – Am 27
    Rejected
    14. Amendment 28 to paragraph 9 13:10 A10-0002/2026 – Johan Van Overtveldt – § 9 – Am 28
    Rejected
    15. Amendment 2, adding text after paragraph 9 13:10 A10-0002/2026 – Johan Van Overtveldt – After § 9 – Am 2
    Adopted
    16. Amendment 3, adding text after paragraph 9 13:10 A10-0002/2026 – Johan Van Overtveldt – After § 9 – Am 3
    Rejected
    17. Separate vote on paragraph 10 13:10 A10-0002/2026 – Johan Van Overtveldt – § 10
    Adopted
    18. Amendment 29, adding text after paragraph 10 13:10 A10-0002/2026 – Johan Van Overtveldt – After § 10 – Am 29
    Rejected
    19. Amendment 30 to paragraph 12 13:11 A10-0002/2026 – Johan Van Overtveldt – § 12 – Am 30
    Rejected
    20. Separate vote on paragraph 12 13:11 A10-0002/2026 – Johan Van Overtveldt – § 12
    Adopted
    21. Separate vote on paragraph 13
    — no individual positions recorded
    Adopted
    22. Separate vote on paragraph 13
    electronic vote (totals only) — no individual positions recorded
    Adopted
    23. Vote on text inserted after paragraph 17
    — no individual positions recorded
    Rejected
    24. Amendment 32, adding text after paragraph 18 13:12 A10-0002/2026 – Johan Van Overtveldt – After § 18 – Am 32
    Rejected
    25. Vote on text inserted after paragraph 19
    — no individual positions recorded
    Rejected
    26. Separate vote on paragraph 20
    electronic vote (totals only) — no individual positions recorded
    Adopted
    28. Amendment 37, adding text after paragraph 20 13:12 A10-0002/2026 – Johan Van Overtveldt – After § 20 – Am 37
    Rejected
    29. Separate vote on paragraph 21
    — no individual positions recorded
    Adopted
    30. Separate vote on paragraph 21
    — no individual positions recorded
    Rejected
    31. Amendment 40, adding text after paragraph 22 13:13 A10-0002/2026 – Johan Van Overtveldt – After § 22 – Am 40
    Adopted
    32. Amendment 41 to paragraph 23 13:13 A10-0002/2026 – Johan Van Overtveldt – § 23 – Am 41
    Adopted
    33. Separate vote on paragraph 25 13:13 A10-0002/2026 – Johan Van Overtveldt – § 25
    Adopted
    34. Amendment 4 to paragraph 27 13:14 A10-0002/2026 – Johan Van Overtveldt – § 27 – Am 4
    Rejected
    35. Vote on text inserted after paragraph 27
    — no individual positions recorded
    Rejected
    36. Amendment 38, adding text after paragraph 27 13:14 A10-0002/2026 – Johan Van Overtveldt – After § 27 – Am 38
    Rejected
    37. Separate vote on paragraph 28
    — no individual positions recorded
    Rejected
    38. Separate vote on paragraph 28 13:14 A10-0002/2026 – Johan Van Overtveldt – § 28
    Adopted
    39. Amendment 5, adding text after paragraph 28 13:15 A10-0002/2026 – Johan Van Overtveldt – After § 28 – Am 5
    Rejected
    40. Separate vote on paragraph 32
    — no individual positions recorded
    Adopted
    41. Amendment 39 to paragraph 35 13:15 A10-0002/2026 – Johan Van Overtveldt – § 35 – Am 39
    Rejected
    42. Separate vote on paragraph 35
    — no individual positions recorded
    Adopted
    43. Paragraph 35 — part 2 13:16 A10-0002/2026 – Johan Van Overtveldt – § 35/2
    Adopted
    44. Vote on text inserted after recital C
    — no individual positions recorded
    Rejected
    45. Vote on text inserted after recital C
    — no individual positions recorded
    Rejected
    46. Vote on text inserted after recital C
    — no individual positions recorded
    Rejected
    47. Vote on text inserted after recital C
    — no individual positions recorded
    Rejected
    48. Vote on text inserted after recital E
    — no individual positions recorded
    Rejected
    49. Separate vote on recital G 13:16 A10-0002/2026 – Johan Van Overtveldt – Recital G
    Adopted
    50. Amendment 13, adding text after recital H 13:17 A10-0002/2026 – Johan Van Overtveldt – After recital H – Am 13
    Rejected
    51. Vote on text inserted after recital H
    — no individual positions recorded
    Rejected
    52. Vote on text inserted after recital H
    — no individual positions recorded
    Rejected
    53. Vote on text inserted after recital H
    — no individual positions recorded
    Rejected
    54. Vote on text inserted after recital H
    — no individual positions recorded
    Rejected
    55. Vote on text inserted after recital H
    — no individual positions recorded
    Rejected
    56. Final vote — text as a whole 13:17 A10-0002/2026 – Johan Van Overtveldt – Motion for a resolution (as a whole)
    Adopted
  3. 9 February 2026 Debated in plenary

    MEPs debated the text in the chamber ahead of the vote.

  4. 3 February – 4 February 2026 41 amendments tabled for the plenary vote

    Groups propose changes to the tabled text; each is voted on before the final vote.

  5. 16 January 2026 Report tabled for plenary

    This is the text all MEPs vote on. Political groups can still table amendments to it.

  6. Committee stage
  7. 15 January 2026 Committee vote: report adopted

    ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.

  8. 11 November 2025 Amendments tabled in committee

    Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.

  9. 14 October 2025 Draft report published

    The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.

  10. 9 October 2025 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares Parliament’s report.