The European Central Bank, European Commission and Europol on Mar 7, 2001 said they had jointly developed an action plan to combat would-be euro cash counterfeiters. The trio set up a steering group that has developed plans to protect the euro against counterfeiting, the three institutions said in a joint statement.

"This action plan aims to ensure the coherence of the overall protection system and to leave counterfeiters as little chance as possible of taking advantage of the introduction of