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Ag taispeáint 4 as 4 torthaí

The euro has proved to be remarkably resilient and is popular with the EU’s citizens. This paper reviews the reasons for this and argues that the euro project is more resilient now due to several institutional changes. It also discusses how the ECB’s monetary policy has evolved over time, its policy stance in recent years and some of the ways in which it may need to change in the future. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on ...

Digital euro

Briefing 02-02-2024

On 28 June 2023, the European Commission presented a legislative package to establish a digital form of central bank money to complement its physical form (banknotes and coins) and laid out the rules and conditions for its use. The IA supporting the proposals is based on extensive internal and external expertise, including tailored ECB advice and JRC input on analytical methods and simulations. It presents a wide range of options to address the problems identified, but it is difficult to identify ...

In 2016, the Council, in its conclusions on the fight against the financing of terrorism, stressed the importance of taking measures against illicit cash movements, and urged the European Commission to amend the 2005 cash control regulation. The 2017 Commission proposal aims to fill the gaps in the existing regulation, in particular on the definition of cash and the different cross-border movements. The provisional agreement reached by the Council and the Parliament on the draft regulation in May ...

Since 2002, when euro notes and coins were introduced, numerous investigations have revealed the existence of illegal print shops and mints producing fakes, despite EU instruments to combat this. The Lisbon Treaty created new possibilities to fight counterfeiting of the euro through EU legislation. On this basis, the Commission proposed, in February 2013, a Directive using criminal law to protect the euro and other currencies against counterfeiting.