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Article: Currency Affairs: News Year's, 2002: from this day on, the Euro will be the official currency in all 12 member states of the European Monetary Union. (Money).(Brief Article)
- Article from:
- Swiss News
- Article date:
- December 1, 2001
CopyrightCOPYRIGHT 2001 Swiss News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Everyone has been talking about the Euro incessantly for more than a decade. Now Europe will have to put its money where its mouth is. Switzerland is, of course, clinging to the franc. Still, everyone here is wondering what impact the Euro will have on the Swiss economy and how it will affect everyday life in Switzerland.
"Daily life in Switzerland will not be affected by the Euro in any considerable way," comments. UBS economic researcher Oyvin Furustol. Some sectors, like tourism, could feel a shudder, however. Hotels and restaurants are sure to continue their foreign currency-friendly policy, as will retailers in border regions, and industry, where foreign ...