[EU Lawmaker Proposes Limiting the Development of Digital Euro] According to Bloomberg, key EU lawmaker Fernando Navarrete believes that a fully functional digital euro should only be introduced if the private sector fails to provide its own solution to integrate Europe's fragmented payment landscape. In his report, he proposed that the online version of digital currency should be conditional on the lack of a pan-European sovereign retail payment solution, and the EU executive body must conduct 'market tests' to confirm whether the conditions for a digital euro have been met. This report will serve as the basis for further discussions in the European Parliament. The European Central Bank has consistently advocated for the need for a public payment method, but Navarrete argues that public demand for an online version may incentivize the eventual creation of a private solution, which would be superior because it is 'inherently stable' and does not require safeguards such as holding limits.