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Article: No room for complacency as we prepare for euro invasion
- Article from:
- Scotland on Sunday
- Article date:
- June 21, 1998
- Author:
CopyrightCopyright 1998 Scotland on Sunday. Provided by ProQuest LLC. (Hide copyright information)
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THE euro, which will be worth around 70p, will be used throughout
Europe from January 1999 and will affect British businesses even
though the UK is not in the first wave of 11 countries which have
agreed to European Monetary Union (Emu).
The euro will be introduced in 11 European member States on
January 1: Austria, Belgium, Finland, France, Germany, Ireland,
Italy, Luxembourg, Netherlands, Portugal and Spain. From this date
exchange rates between currencies will be fixed. The currencies
involved will become denominations of the euro.
Will Scottish business be ready for the euro when the new
currency
enters Europe's tills in January 1999? A recent survey paints a
picture which can be ...