Anyone who wants to fake euro notes in future will have to make it past a new and powerful enemy – the Greek mythical figure Europa.
The European Central Bank, the ECB, hopes Europa will do a better job of guarding the young currency’s gates and make a dent in the increasingly lucrative business of counterfeiting on the European continent.
The use of counterfeit money continues to grow in Europe, as the euro currency that has been used in 19 countries on the continent since 2002 continues to mature.
Germany’s central bank, the Bundesbank, said last year was the worst year since the early years in 2005.
To make counterfeiting more difficult, the ECB, which like the Federal Reserve in the United States is charged with printing money for the European continent, has been developing new security features that are slowly being rolled out across the currency bloc – the first upgrades since the notes were first introduced to much fanfare in 2002.