Wednesday

17th Jul 2019

New euro notes to show tragic princess

  • Europa, abducted by Zeus, will figure on the new euro notes (Photo: cliff1066™)

In Greek mythology, the Phoenician princess Europa was abducted and raped by the king of the gods, Zeus.

But her image will from next year appear alongside pictures of windows and doors on euro banknotes as a security and decorative feature.

Read and decide

Join EUobserver today

Support quality EU news

Get instant access to all articles — and 18 year's of archives. 30 days free trial.

... or join as a group

"Portraits have long been used in banknotes around the world and research has shown that people tend to remember faces. Is there any better figure than Europa to serve as the new face of the euro?" the chief of the European Central Bank (ECB), Mario Draghi, said on Thursday (8 November) according to Bloomberg.

She will first appear on the €5 note in May, with other notes introduced in ascending order in the next few years.

Europa's face will be shown as a watermark and as a hologram. Until now, euro notes carried pictures of windows and doors in various architectural styles in a symbol of openness designed not to offend national sensibilities.

The new notes will also carry an emerald-coloured number.

The first series of banknotes will circulate alongside the old ones. But the old notes, first introduced 10 years ago, will eventually cease to be legal tender.

"The date when this occurs will be announced well in advance," the ECB said.

The old notes will retain their face value and will be exchangeable at any national central bank in the eurozone even when they are no longer valid in shops.

Meanwhile, counterfeiting euro notes has kept international law enforcement authorities busy.

In April, an international police sting in Bogota, Colombia dismantled a counterfeit print shop and depot manufacturing €50 and €100 bills.

Europol, the EU’s police agency, based in The Hague, said authorities seized over €19 million in counterfeit money in Columbia alone since 2006.

Auditors reject EU spending 18th year in a row

EU's top auditing body has for the 18 year in a row said there are too many errors in how EU money is spent, particularly in subsidies going to farmers and fishers.

ECB unveils new €5 note

The ECB launched a new €5 note on Thursday with a topical joke on the crisis and British euroscepticism.

Finland rejects call to end sponsorship of EU presidency

Appalled over Coca-Cola sponsoring the recent Romanian EU presidency, MEPs have asked Finland, the new holders of the rotating post, to put an end to such practices. But Helsinki, whose presidency is sponsored by BMW, has no such plan.

EU commission has first-ever woman president

Ursula von der Leyen on Tuesday obtained a narrow majority of support in the European Parliament to become the first-ever female president of the European Commission.

Von der Leyen's final appeal to secure top EU post

European Commission presidential-hopeful Ursula von Der Leyen delivered her key appeal in the European Parliament to secure the post. Her appeal appeared to appease most of the political groups - but a lack of specifics, and opposition from Greens remain.

Magazine

The changing of the guards in the EU in 2019

The four most powerful EU institutions - Commission, Parliament, Council and Central Bank will all have new leaders in the coming ten months. Here is an overview.

Magazine

Explained: What is the European Parliament?

While domestic political parties often use the European Parliament as a dumping ground for unwanted politicians - and a majority of citizens don't bother to vote - the parliament, over the years, has become a dominant force in the EU.

Stakeholders' Highlights

  1. UNESDAUNESDA reduces added sugars 11.9% between 2015-2017
  2. International Partnership for Human RightsEU-Uzbekistan Human Rights Dialogue: EU to raise key fundamental rights issues
  3. Nordic Council of MinistersNo evidence that social media are harmful to young people
  4. Nordic Council of MinistersCanada to host the joint Nordic cultural initiative 2021
  5. Vote for the EU Sutainable Energy AwardsCast your vote for your favourite EUSEW Award finalist. You choose the winner of 2019 Citizen’s Award.
  6. Nordic Council of MinistersEducation gets refugees into work
  7. Counter BalanceSign the petition to help reform the EU’s Bank
  8. UNICEFChild rights organisations encourage candidates for EU elections to become Child Rights Champions
  9. UNESDAUNESDA Outlines 2019-2024 Aspirations: Sustainability, Responsibility, Competitiveness
  10. Counter BalanceRecord citizens’ input to EU bank’s consultation calls on EIB to abandon fossil fuels
  11. International Partnership for Human RightsAnnual EU-Turkmenistan Human Rights Dialogue takes place in Ashgabat
  12. Nordic Council of MinistersNew campaign: spot, capture and share Traces of North

Latest News

  1. Von der Leyen faces gender battle for commission posts
  2. EU proposes yearly rule-of-law 'reviews'
  3. Poland 'optimistic' despite new EU law checks
  4. What did we learn from the von der Leyen vote?
  5. Is Golden Dawn's MEP head of a criminal organisation?
  6. Finland rejects call to end sponsorship of EU presidency
  7. MH17 five years on: when will Russia be punished?
  8. EU commission has first-ever woman president

Join EUobserver

Support quality EU news

Join us