Saturday 24 February 2018

Ian Cowie: How to spot a Greek euro from a German one .... if the worst comes to the worst

Hopes are rising of a happy ending to the eurozone crisis, with speculation that Greece may be able to meet German demands, but those who fear the Continental currency must disintegrate eventually may still find useful some simple steps on how to spot a Greek euro – as opposed to a German one.

Some euros might be more widely accepted than others, if the crisis takes a turn for the worse, depending on which country issued them. All Euro banknotes have a one-letter, eleven-digit serial number located on the back at the top right and bottom left corners of every denomination.

The letter indicates which country issued the banknote. For a couple of years now, some Germans have insisted on holding on to euros issued in their own country and passing on those backed by southern states. They know from not too distant history what it feels like to be left holding worthless paper which used to be official currency.

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