The fact of the matter is that market failure and/or corporate malfeasance can create havoc with economic, political and social arrangements and stability. Regulation by the state, social welfare or social protection mechanisms, and the self regulation of private sector entities are critical for stability, growth and development.
In addition, the ECB and the national central banks will conduct an information campaign addressing everyone who handles banknotes so that they will be able to recognise the new note and its security features. The new € note is the third denomination in the Europa series that is gradually replacing the original euro banknotes introduced in 2002.