Belgium on Monday began minting €2.50 coins marking the 200th anniversary of Napoleon’s defeat of at the Battle of Waterloo, after France forced it to scrap a two-euro coin made for the same purpose.
Paris objected to the new Belgian coin, commemorating the French emperor’s defeat by British and Prussian forces, earlier this year, saying it would create tensions at a time when Europe’s unity is under threat.
Belgium was forced to get scrap about 180,000 two-euro coins that had already been minted after Paris sent a letter saying they could cause an “unfavourable reaction in France”.
But Belgium has managed to skirt the French protests using a rule that allows eurozone countries to unilaterally issue coins if they are in an irregular denomination – in this case, €2.50.
And causing an unfavourable reaction in France. Is this a problem or the point?