Explanatory Memorandum to COM(2011)910 - Extension to the non-participating Member States of the exchange, assistance and training programme for the protection of the euro against counterfeiting (‘Pericles 2020’) - Main contents
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| dossier | COM(2011)910 - Extension to the non-participating Member States of the exchange, assistance and training programme for the protection of ... |
|---|---|
| source | COM(2011)910  |
| date | 19-12-2011 |
This proposal should extend the Pericles programme to the Member States of the European Union not yet using the euro as their single currency.
The Pericles programme is an exchange, assistance and training programme for the protection of the euro against counterfeiting. The programme was established by Council Decision 2001/923/EC of 17 December 2001 and its effects were extended to the EU Member States that had not adopted the euro as their currency by Council Decision 2001/924/EC of 17 December 2001. Subsequent amendments to these basic acts by Council Decisions 2006/75/EC, 2006/76/EC, 2006/849/EC and 2006/850/EC have extended the duration of the programme until 31 December 2013.
The application of the Pericles programme will be extended to the Member States that have not adopted the euro as their single currency, through a proposal for a parallel Regulation based on Article 352 TFEU.
The legal basis for the Pericles programme which is Article 133 TFEU where the Treaty reflects concerns about the protection of the euro by providing for the measures necessary for its use as a single currency is applicable only to Member States which have adopted the euro as their single currency.
The legislative financial statement attached to this proposal for a Regulation sets out the budgetary implications and the human and administrative resources needed. This financial statement on budgetary implications is identical - except for the legal basis - to the financial statement for the proposal on a European Parliament and Council Regulation (EU) No …/2012 establishing an exchange, assistance and training programme for the protection of the euro against counterfeiting (the Pericles 2020 programme).