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Euro Banknotes Will Remain Paper, Not Plastic

Euro banknotes will remain paper, the European Central Bank said on Monday, choosing to fight counterfeiting with new security measures but resisting a move to plastic money. The ECB also has no plans to do away with the 500-euro notes favoured by some criminals, Executive Board member Yves Mersch Polymer notes were first adopted by Australia in […]

The eurozone economy will shrink more than expected this year with France sliding into recession, according to a gloomy European Commission report. The Commission forecast says euro-area growth will shrink by 0.4% this year, down from 0.3% forecast in February. France will go into recession this year with negative growth of 0.1% and unemployment rising […]

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