Category: European Central Bank (video statements)

Source: European Central Bank (video statements)

In light of current challenges to international trade, deepening the internal market has become crucial to enhancing the EU’s autonomy. This panel will examine how this context influences the law of the internal market, with a special focus on current debates around the capital markets union (CMU), which is key not only for productivity but also for funding EU economic autonomy.

The discussion will also cover recent proposals for a savings and investment union. It will also extend to critical aspects of EU emergency law, such as the Internal Market Emergency and Resilience Act (IMERA) and other relevant internal market instruments, such as the Chips Act and the recent European Defence Industrial Strategy (EDIS).

Panellists:
• Catherine Barnard, Professor, University of Cambridge
• Emanuele Rebasti, Head of Unit, Council of the European Union
• Larisa Dragomir, Member of Cabinet of Maria Luís Albuquerque, European Commission
Chair: Isabel Schnabel, Member of the Executive Board, European Central Bank

Watch other sessions from the 2025 ECB Legal Conference “Building Europe’s Autonomy: Law, Institutions, Cooperation”: https://www.youtube.com/playlist?list=PLnVAEZuF9FZm3BYRQdFyj1vvCrJfZ-mrM

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250901_7th_ECB_legal_conference.de.html

https://www.youtube.com/watch?v=J1dwAKB_si0

Source: European Central Bank (video statements)

Budgetary autonomy is typically associated with the power to issue debt, tax and control expenditure. However, in the original Economic and Monetary Union (EMU) plan, this form of EU autonomy was limited. Recent challenges have revived debates on EU-level borrowing and taxation.

This panel will examine existing funding tools like the multiannual financial framework (MFF) and the NextGenerationEU (NGEU), as well as defence-related mechanisms such as the European Peace Facility. It will also address the increasing linkage between EU funding and the enforcement of foundational values, as underscored by the Rule of Law Conditionality Regulation, and the jurisprudence of the Court of Justice.

Panellists:
• Paul Dermine, Professor, Université Libre de Bruxelles
• Alberto de Gregorio Merino, Director at the Legal Services, European Commission
• Cristina Fasone, Associate Professor, LUISS University
Chair: Bruno de Witte, Professor of European Union Law, Maastricht University

Watch other sessions from the 2025 ECB Legal Conference “Building Europe’s Autonomy: Law, Institutions, Cooperation”: https://www.youtube.com/playlist?list=PLnVAEZuF9FZm3BYRQdFyj1vvCrJfZ-mrM

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250901_7th_ECB_legal_conference.de.html

https://www.youtube.com/watch?v=vj8t5SNue2M

Source: European Central Bank (video statements)

Welcome address by Chiara Zilioli, Director General of Legal Services at the European Central Bank (ECB), on the first day of the 2025 ECB Legal Conference.

The conference focuses on institutional, constitutional and judicial issues. The theme of the 2025 ECB Legal Conference is “Building Europe’s Autonomy: Law, Institutions, Cooperation.” The conference took place on 1 and 2 September 2025 as a hybrid event.

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZm3BYRQdFyj1vvCrJfZ-mrM

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250901_7th_ECB_legal_conference.de.html

https://www.youtube.com/watch?v=u4HHWfSjE0k

Source: European Central Bank (video statements)

ECB President Christine Lagarde explains the Governing Council’s monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on Thursday, 11 September 2025 at 14:45 CEST in Frankfurt am Main.

https://www.youtube.com/watch?v=RWDbAssCtk4

Source: European Central Bank (video statements)

Our monetary policy statement at a glance, 24 July 2025 [link to visual monetary policy statement]

Christine Lagarde, Luis de Guindos: Monetary policy statement, 24 July 2025 www.ecb.europa.eu/press/press_conf…6e730494.en.html

Monetary policy decisions, 24 July 2025 www.ecb.europa.eu/press/pr/date/20…bc70e13f.en.html

Combined monetary policy decisions and statement, 24 July 2025 www.ecb.europa.eu/press/press_conf…04c7d1262686b588

European Central Bank
www.ecb.europa.eu/home/html/index.en.html

Published and recorded during our press conference on 24 July 2025

https://www.youtube.com/watch?v=e_ARHr9T90I

Source: European Central Bank (video statements)

Closing remarks
Dimitri Pattyn, Deputy Director General, ECB

https://www.youtube.com/watch?v=FaB0tn30VnQ

Source: European Central Bank (video statements)

Long-term track: Appia
The ECB will provide insights on its work on the long-term integrated ecosystem using DLT, the collaboration with public and private stakeholders, and the international dimension.

Holger Neuhaus, Head of Division, ECB

https://www.youtube.com/watch?v=tpALWGpS15w

Source: European Central Bank (video statements)

Short-term track: Pontes
Deep dive into one of the tracks – Pontes which will provide a short-term offering to the market – including a pilot phase. It will offer euro central bank money settlement, linking market DLT platforms and TARGET Services to settle financial transactions. Learn more about the project roadmap and how you can be involved.

George Kalogeropoulos, Deputy Head of Division, ECB

https://www.youtube.com/watch?v=aZCxnDyxJhs

Source: European Central Bank (video statements)

Findings from the exploratory work
The Eurosystem tested three interoperability-type solutions in 2024 together with 64 participants which conducted 50 trials and experiments, with the aim of exploring the potential use of DLT to settle wholesale financial transactions. Learn more about the results of the exploratory work and the lessons learnt.

Paul Gardin, Market Infrastructure Expert, ECB

https://www.youtube.com/watch?v=T5BUSsIIRio

Source: European Central Bank (video statements)

Welcome address
The Eurosystem launched a strategy to settle transactions recorded on distributed ledger technology (DLT) using central bank money. The initiative follows a two-track approach – Pontes and Appia – and will be built on the exploratory work on new technologies for wholesale central bank money settlement done with market participants in 2024. Learn more about how this strategy supports the wider EU policies and contributes to a harmonised and integrated European financial ecosystem.

Dimitri Pattyn, Deputy Director General, ECB

https://www.youtube.com/watch?v=CB1ccdH_4ts