Protection of the Euro and Other Currencies against Counterfeiting: Initial Appraisal of the Commission's Impact Assessment

15-05-2013

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's Impact Assessment accompanying the above proposal, submitted on 5 February 2013. The euro and other currencies continue to be targeted by organised crime groups active in forging money throughout the European Union. The importance and widespread use of the euro area - the second most traded currency in the world, shared by the 17 Member States and the 330 million people of the euro – make it particularly vulnerable to counterfeiting on a transnational scale.

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's Impact Assessment accompanying the above proposal, submitted on 5 February 2013. The euro and other currencies continue to be targeted by organised crime groups active in forging money throughout the European Union. The importance and widespread use of the euro area - the second most traded currency in the world, shared by the 17 Member States and the 330 million people of the euro – make it particularly vulnerable to counterfeiting on a transnational scale.