Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-05-03-Speech-4-106"
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"en.20010503.5.4-106"2
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".
The risk that attempts may be made to counterfeit the euro currency when it begins to circulate in the form of coins and notes is very high. The euro currency is already an international reserve and a transaction currency. The euro will be in open competition with the dollar for the title of the world’s most counterfeited currency, unless we all make concerted efforts to ensure that the counterfeiters are defeated.
The euro currency does run a particular risk of being counterfeited at the time when it is introduced into circulation and during the period when it will circulate alongside national notes and coins. I am referring primarily to the months of January and February of next year when many people will be unfamiliar with the actual make-up of the euro notes and coins.
The arrangements for protecting the euro against counterfeiting must involve all EU Member States, EU institutions and all relevant international organisations. A comprehensive legal framework must be put in place which can be operated in a uniform manner across all the territories of the European Union.
The fact of the matter is that the only international instrument which is designed to prevent and punish currency counterfeiting is the Geneva Convention of 1929. The Convention is fairly ineffectual in its purpose. That is one of the reasons why Member States within the European Union have adopted different pieces of legislation to guarantee that criminals who commit counterfeiting are vigorously punished.
EU leaders were correct in Nice last December when they stated that an effective system to protect the euro against counterfeiting must be adopted as soon as possible this year. The arrangements for protecting the euro against counterfeiting will be based primarily on information which will fall into two categories. The first of these concerns technical information such as data collection, manufacturing methods and the technical features of counterfeits. The co-ordination of this information will be the responsibility of the counterfeiting analysis centre which has been
set up under
the auspices of the European Central Bank. The second concerns police information which is intended to assist in the gathering of data relating to counterfeiting at both strategic and operational levels.
The introduction of the euro and the disappearance of national currencies will ensure a shift from the protection of certain national interests to the protection of a Community interest. This will involve developing forms of co-operation and co-ordination between the key players and the Member States which will be responsible for combating any counterfeiting of the euro. This will clearly involve banks, the police and judicial authorities as well as the relevant EU bodies and institutions such as the European Central Bank, OLAF and Europol."@en1
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