The French mint was forced to destroy 27 million coins (which it later urgently re-minted) because of an incorrect European Union flag. A €1 million mishap.
According to the news of Transalpine newspaper Letter, The country’s mint, the Monnaie de Paris, issued a series of 10, 20 and 50 cent coins with a new celebratory design in November. The new tracks were supposed to be presented with great fanfare during an event with Economy Minister Bruno Le Maire, but something went wrong.
The European Commission, which received the green light to amend the coins, found that the printed image correctly showed the EU flag, but the stars on the flag did not comply with the requirements. Usually, before moving forward with a change, national mints must request prior permission from Brussels; Monnaie de Paris did not do this and continued the pressure.
And so, when the mistake was discovered, French officials could do nothing but melt down the coins with the wrong stars and strike them with the correct stars. The damage caused by this macroscopic bureaucratic error is estimated to be 1 million euros.
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Source: Today IT
Karen Clayton is a seasoned journalist and author at The Nation Update, with a focus on world news and current events. She has a background in international relations, which gives her a deep understanding of the political, economic and social factors that shape the global landscape. She writes about a wide range of topics, including conflicts, political upheavals, and economic trends, as well as humanitarian crisis and human rights issues.
