In July, the Economic Sentiment Indicator (ESI) remained resilient in the euro area in the wake of the Brexit referendum, marking a marginal increase of 0.2 points (to 104.6), and decreased in the EU (by 0.9 points to 104.8).
Following the Council decision of 12 July 2016 that Spain and Portugal did not take effective action to correct their excessive deficits, the Commission recommended a new fiscal adjustment path for both countries. The College of Commissioners also recommended that the fine be cancelled for both countries.
For more information: press release, memo, press remarks by Vice-President Dombrovskis and Commissioner Moscovici
The European Commission and the European Central Bank are working together to protect euro notes and coins in close cooperation with Europol and Interpol. See the 2015 Commission annual report on the Pericles 2020' programme for the protection of the euro against counterfeiting. For general formation on how the EU is working together to protect euro banknotes and coins from being counterfeited, see this video.