Tuesday

23rd Jan 2018

The euro: a weak currency?

The silver strips on small euro notes are wearing away after heavy usage, causing innocent people to be accused of forgery, reports the German tabloid Bild.

The paper cites the case of a woman who went to her bank and ended up being questioned by the police. The note she had was genuine but it was suspected of being fake because the strip had frayed off.

Thank you for reading EUobserver!

Subscribe now for a 30 day free trial.

  1. €150 per year
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

If you already have an account click here to login.

This is not an isolated occurance, reports Bild.

A spokeswoman for a printing company in Munich says she has also experienced this problem and advises euro-users to treat the notes with care.

The paper harks back to the days of the good old Deutschmark (DM) in Germany. DM notes were taken out of circulation after two years but an expert from Germany's central bank - the Bundesbank - said, "for euro notes, I hear it is one and a half years".

So you should take a close look at your euro notes. Some economists believe the euro is a weak currency. It seems that - in a literal sense - they were correct.

Visual Data

Europe's social democrats are having a hard time

All across Europe, social democratic parties are struggling to stay relevant, leading to a crisis in one of the continent's oldest political ideologies. An overview of the data behind the current situation.

Visual Data

Europe's social democrats are having a hard time

All across Europe, social democratic parties are struggling to stay relevant, leading to a crisis in one of the continent's oldest political ideologies. An overview of the data behind the current situation.

News in Brief

  1. Belgium lowers terror alert level
  2. France, Spain set to gain seats in post-Brexit EU parliament
  3. Orban family probed over 'fraudulent' EU projects
  4. Spanish judge rejects Puigdemont arrest warrant
  5. Austria plans to sue Commission over Hungary's nuclear plant
  6. Puigdemont proposed as sole candidate for Catalan leadership
  7. Abbas in Brussels to discuss Palestinian state recognition
  8. Exiled Catalan leader leaves Belgium for first time

Stakeholders' Highlights

  1. Nordic Council of MinistersNordic Solutions for Sustainable Cities: New Grants Awarded for Branding Projects
  2. Mission of China to the EUTrade Between China, Belt and Road Countries up 15%
  3. Nordic Council of MinistersOresund Inspires Other EU Border Regions to Work Together to Generate Growth
  4. Mission of China to the EUTrade Between China, Belt and Road Countries up 15%
  5. AJC Transatlantic InstituteAJC Calls on EU to Sanction Iran’s Revolutionary Guards, Expel Ambassadors
  6. Dialogue PlatformRoundtable on "Political Islam, Civil Islam and The West" 31 January
  7. ILGA EuropeFreedom of Movement and Same-Sex Couples in Romania – Case Update!
  8. EU2017EEEstonia Completes First EU Presidency, Introduced New Topics to the Agenda
  9. Bio-Based IndustriesLeading the Transition Towards a Post-Petroleum Society
  10. ACCAWelcomes the Start of the New Bulgarian Presidency
  11. Mission of China to the EUPremier Li and President Tusk Stress Importance of Ties at ASEM Summit
  12. EU2017EEVAT on Electronic Commerce: New Rules Adopted

Latest News

  1. EU stands by Palestine on Jerusalem
  2. MEPs may bar killer robots and drones from EU research cash
  3. Europe's social democrats are having a hard time
  4. How Oettinger's CO2 permit sale could fill Brexit blackhole
  5. New Polish foreign minister tries to charm EU commission
  6. Middle East, Messi and missing MEPs on agenda This WEEK
  7. Instagram and Google Plus join EU anti-hate speech drive
  8. EU wants 'entrepreneurship' in education systems