In 2003, 570,000 counterfeit euro notes, valued at 30 million, were seized.

Human rights 2,987,300

(In euros)

The rate for Hamburg was raised in July 2004 to 284 or 233 and stands at 308 or 233 for March 2005.

Currency 1 euro approximately US 1.30 (indicative rate in March 2005)

The 500,000 savings from the financial year 2002 amounts to 378,500 on the basis of the United States dollar euro rate of 0.757 fixed by the United Nations for March 2005.

e 5 weeks based on 7 days (based on ratio determined by the MoSP).

Budget estimates were based on the United States dollar euro exchange rate of 1.158 in March 2002.

Since 31 March 2005, full payments have been received from the Syrian Arab Republic ( 80,070) and Timor Leste 710, and partial payments have been made by Mexico ( 284,837) and Myanmar ( 13,155).

In 2004, regular budget net expenditure amounted to 57.3 million.

Therefore, the level of the operational budget reserve increased from 3.7 million as at 1 January 2005 to 5.5 million at 31 March 2005.

Indeed, in 2004 the United States dollar further depreciated against the euro and the appropriations for 2004, calculated in dollars on the basis of the exchange rate in March 2003 (dollar euro ratio of 0.929), were not sufficient to meet the expenditure in euros.

The approved budget provided for recurrent expenditure of 13,263,300 euros, including 3,462,300 euros for the remuneration, travel and pensions of the judges and 6,632,700 euros for salaries and related costs of staff, and non recurrent expenditure of 150,000 euros.

Article L. 2342 70 The following are punishable by two years' imprisonment and a fine of 30,000 euros

As at 31 March 2005, the collections against unencumbered balances amounted to 2,903,105 collected against prior bienniums (1992 1993, 1996 1997, 1998 1999, 2000 2001) 1,333,225 and 1,569,880 against 2002 2003.

Belgium ( 1,723), Iran (Islamic Republic of) ( 2 million), Italy ( 3,787.94), Malaysia (RM 274,409.17), Switzerland (230,000 Swiss francs) and the United Kingdom ( 23,457.16).

The Eurozone s Strength in Disunity

The budget for the administration of the Procurement Services General Services, after recosting, amounted to 7.9 million for the 2004 2005 biennium, which represents an increase of 3 per cent compared to the budget of 7.6 million for the previous biennium.

(In euros)

Euro

Error

The rate for Hamburg was 262 or 211 in March 2004 when the budget proposals for 2005 2006 were prepared.

However, an amount of 92,836 was outstanding as at 31 March 2005, and invoices amounting to 48,324 were paid in connection with security enhancements.

The report of the External Auditor on the biennium 2002 2003 (IDB.29 3 PBC.20 3) indicates that, out of the appropriation of 7,991,900, the RPTC indicated an expenditure of 5,523,804, including a small currency exchange adjustment, as at 31 December 2003.

The new rates are effective from the school year in progress on 1 January 2005. The currency areas where increases were approved are as follows Austria (euro), Belgium (euro), Denmark (krone), France (euro), Germany (euro), Ireland (euro), Italy (euro), Japan (yen), Netherlands (euro), Spain (euro), Sweden (krona), Switzerland (Swiss franc), United Kingdom (pound sterling), United States dollar in the United States and the United States dollar outside the United States.

Exchange rate euro to United States dollar

US 000's 000's

Euro area

000's

Euro

With 39.8 million delivery of technical cooperation projects as at 31 March 2005, income for the first quarter amounted to 3.8 million.

Income tax (under the Tax

As at 31 March 2005, total regular budget allotments for the biennium amounted to 130.3 million, i.e. 89 per cent of the gross expenditure budget and expenditure amounted to 79.6 million, corresponding to 54 per cent of the budget.

The second installment of 18.665 was paid on 23 March 2005.

Balance as at 31 December 2004 12.2

Apportionment 3,111,100 expenditure 3,424,200 variance ( 313,100)

Building on the Euro

Farewell to the Euro?

The Euro Ark

The Non Crisis of the Euro

The Poetry of the Euro

Budgeting

as at 31 December 2004

MANNHEIM The European Union s policy of saving the euro at all costs is enough to guarantee the euro s survival. But is preserving the one size fits all euro really worth sacrificing the eurozone s competitiveness and, ultimately, European solidarity?

Similarly, the budgetary requirements represent a euro based calculation, with a rate of exchange corresponding to 0.901 US 1.