Protecting the euro

Video Description

A EU-wide anti-counterfeiting strategy

Counterfeiting and security were major considerations in the process of the design of coins and banknotes. Overall levels of counterfeiting have been relatively low. However, because each country’s euro notes and coins — with distinctive designs — are legal tender across the euro area, common rules and coordination are needed to ensure that anti-counterfeiting measures are equally effective in all countries.

Four pillars

The European Commission's policy with regard to anti-counterfeiting is based on four pillars: prevention, repression, training and cooperation.

  • The EU legislation prevents the euro from being counterfeited through a system of information collection, designated national authorities for analysis, national central offices to coordinate investigations and through authentication measures applied by credit institutions and other cash handlers. The European Technical and Scientific Centre provides the national authorities with technical assistance, training and classifies new types of counterfeit coins.
  • Complementary, EU legislation, such as Directive 2014/62/EU seeks to repress euro counterfeiting through criminal law measures.
  • The Pericles 2020 programme forms the training pillar by providing funds for staff exchanges, seminars, trainings and studies for law enforcement and judicial authorities, banks and others involved in preventing and combating euro-counterfeiting. DGECFIN works closely together with the European Central Bank (ECB) and Europol in achieving this mission. Cooperation forums such as the Counterfeit Coin Experts Group and the Euro Counterfeit
  • Experts Group seek to foster multidisciplinary and multilateral cooperation by bringing together experts in various disciplines from EU countries, the ECB, Europol and Interpol.

Reports

Report from the Commission to the European Parliament and to the Council - COM(2014)551 and Annex 1 (62.7KB - PDF) - Annex 2 (69.02KB - PDF)

Report from the Commission to the European Parliament and the Council under Article 12(5) of Regulation (EU) N°1210/2010 of the European Parliament and of the Council of 15 December 2010 concerning authentication of euro coins and handling of euro coins unfit to circulation.

Report from the Commission to the Economic and Financial Committee - COM(2015)6960 ( 81.17KB - PDF) and Annex (109.58KB - PDF)

Report from the Commission to the Economic and Financial Committee under Article 12(4) of Regulation (EU) N°1210/2010 of the European Parliament and of the Council of 15 December 2010 concerning authentication of euro coins and handling of euro coins unfit to circulation.

Report from the Commission to the Economic and Financial Committee - COM(2014)6536  (75.95 KB - PDF) and Annex (101.16 KB - PDF)

Report from the Commission to the Economic and Financial Committee under Article 12(4) of Regulation (EU) N°1210/2010 of the European Parliament and of the Council of 15 December 2010 concerning authentication of euro coins and handling of euro coins unfit to circulation.

Report from the Commission to the Economic and Financial Committee - COM(2014)277 and Annex (80.87KB - PDF)

Report from the Commission to the Economic and Financial Committee under Article 12(4) of Regulation (EU) N°1210/2010 of the European Parliament and of the Council of 15 December 2010 concerning authentication of euro coins and handling of euro coins unfit to circulation.