Counterfeit euro a threat to economy, police warn

Europe is drowning in counterfeit euro bills of excellent quality that pose a clear threat to its economy, international police warned today.

Effective measures are urgently needed to counter criminal activities tied to counterfeiting both in western Europe – the main distribution point of bogus bills – and in Eastern Europe, where gangs produce much of the fake money and documents, experts said at a conference in Sofia, the Bulgarian capital.