FRENCH MEPS CALL FOR SCRAPPING EURO 500 NOTE
September 1st, 2009
BY KEITH NUTHALL
A CROSS-PARTY group of French MEPs have called for the axing of the Euro 500 note, which they fear is easy prey for counterfeiters and money launderers. Deputies from the ruling UMP, the socialists and the communists released a report to France's National Assembly demanding the note be withdrawn "at a European level". It stressed this was the largest major currency denominated banknote being printed worldwide, and that "money laundering often uses cash, especially when it is legitimately controlled by the financial ...
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