Legal nature of euro ownership
12.1.2012
Question for written answer E-000302/2012
to the Commission
Rule 117
Marco Scurria (PPE)
In its reply of 16 June 2011 to a Written Question on the above subject by Mr Borghezio, the Commission stated: ‘at the moment of issuance, euro banknotes (…) belong to the Eurosystem (…). Once issued, euro banknotes/coins belong to the holder of such notes and coins — whose account has been debited accordingly’.
Could the Commission clarify the legal basis of this statement?
OJ C 73 E, 13/03/2013