Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-301-500"
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"en.20120522.15.2-301-500"2
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"This report states that ‘the lack of mandatory provisions for issuance of euro coins may result in different practices among Member States and does not achieve a sufficiently integrated framework for the single currency’. It also claims that, for the purposes of transparency and legal certainty, binding rules on the issuance of euro coins need to be introduced. Amongst other things, it proposes differentiation between circulation coins and collector coins which are not, by definition, issued with a view to entering circulation, although they can be brought into circulation at their face value or at a higher value. It is also proposed that the Commission evaluate the continued issuance of 1 cent and 2 cent coins. We have some concerns and doubts about this proposal, particularly as regards the possibility of product price increases by means of what is known as ‘rounding up’ which, if introduced, would have a very negative impact in countries like Portugal. Initially, there was also a proposal for an impact study on the issuance of EUR 1 and EUR 2 banknotes as a means of increasing the value of collector and commemorative coins. However, this amendment did not make it to the final document."@en1
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