Common Contracts
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MEMOPolitical Agreement • February 20th, 2014
The European Commission has welcomed the political agreement reached last night on the proposal to better protect the euro from counterfeiting through EU-wide criminal law measures. The agreement follows two so-called trilogue meetings between the Commission, the European Parliament and the Council of Ministers which was endorsed by Member States last night (MEMO/14/119). It was rubber-stamped today by a vote in the European Parliament's Civil Liberties, Justice and Home Affairs commitee (LIBE) (by 37 votes in favour, 2 against and 0 abstentions).This breakthrough shows that Europe is willing to take all measures necessary to fight counterfeiting of the euro. Member States will have to make sure that such behaviour is punishable with effective and deterrent sanctions everywhere in Europe.
