The end of the Euro cent?

  • “The end of the Euro cent?”

The European Union is examining whether to remove the one and two euro cent coins from circulation because they’re too expensive to make. France produces more than 600 million of these coins every year, but the production costs now exceed the coin’s face value, meaning the country is losing millions of dollars. With France under pressure to make large cuts to public spending, some economists believe the small coins no longer make sense.

Report for RFI English broadcast on 27 May 2013.

Click here to listen to the report on the RFI English website.

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