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Parliamentary questions
9 September 2010
Answer given by Mr Rehn on behalf of the Commission

1. The revised Monetary Agreement between the EU and the Vatican City State, which features for the first time an obligation for the latter to transpose the EU legislation in the areas of prevention of fraud and counterfeiting, fight against money laundering and the rules on euro banknotes and coins, came into force some six months ago. The abovementioned legal acts have to be transposed into the Vatican City State's legal order by 31 December 2010. The first draft laws on the prevention of money laundering and the fight against fraud and counterfeiting were recently transmitted to the Commission and are presently being analysed by the Commission.

2 and 3. The Monetary Agreement was concluded between the European Union and the Vatican City State, represented by the Holy See. Consequently, all the provisions of this Agreement apply to the Vatican City State, and not to the Holy See. It is the Vatican City State who uses the euro as its official currency and grants legal tender status to euro banknotes and coins and thus ensures the compliance with the EU legislation listed in the annex to the Agreement.

4. According to its Statute, the role of the Institute for Works of Religion is to manage the assets and real-estate transferred to it by natural and legal persons with a view to being used by the church or church charity organisations. The Commission has no detailed information concerning this organisation.

OJ C 191 E, 01/07/2011
Last updated: 13 September 2010Legal notice