Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-06-12-Speech-2-281"
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"en.20010612.12.2-281"2
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"Mr President, we have a long catalogue of action by the Council and the Commission to deal with the problem of counterfeiting of the euro. According to a report in the Financial Times on 22 May, Europol apparently thinks that these measures are still inadequate. One of the particular concerns is the very high value of the 500-euro note, which is in danger of making the euro the currency of choice for counterfeiters and money launderers, because it is substantially higher in value than any other note in regular circulation in the United States, Japan or the United Kingdom.
Has the Council not considered the possibility of delaying the issuing of the 500-euro note because, with the introduction of the euro, there will be a particularly dangerous window of opportunity for counterfeiters potentially to have a field day, as millions of people around the world will never have seen these notes before. Substantial counterfeiting will engender the severe risk of global damage to the whole credibility of, and confidence in, the euro."@en1
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