Where: Brussels, Belgium
Topic: Economy, finance, tax and competition
Organiser: European Commission
The European Commission will present a proposal for a Directive on the protection of the euro against counterfeiting through criminal law. The aim of the proposed Directive will be to increase the protection of the euro and other currencies against counterfeiting by requiring Member states to put in place stronger, more harmonised investigative, judicial and research measures to this end.
Data from the European Central Bank, Europol and others show that euro counterfeiting remains a matter of concern. In 2012 alone 531,000 counterfeit euro banknotes were withdrawn from circulation. The €20 and €50 denominations are the most counterfeited.
Press release will be available on the day.