Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The ECB is going to issue new series of banknotes. If they were to simply take the old 500 euro notes out of circulation, forcing their conversion, that would be a world of hurt for money launderers and tax evaders, because the conversion would automatically make all the money traceable again.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Sun Jan 27th, 2013 at 02:53:05 PM EST
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