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Wednesday, 14 February, 2001, 20:39 GMT
Experts predict hitches for euro launch
![]() Before long they'll be in tills and pockets in 12 states
European Commissioner for Economic and Monetary Affairs Pedro Solbes Mira and British economist Paul Temperton told the BBC World Service's Europe Today that the launch of euro might catch some businesspeople unprepared.
Europe Today will be broadcasting monthly special reports on the preparations for the launch of euro coins and notes in 12 European states at the start of 2002. Pedro Solbes Mira: It's a very complicated logistical operation and we can expect some misadjustments.
Enterprises don't realise that they have to be completely adapted to the new system by January 2002 - not as some of them think by the end of June 2002.
We think that this aspect has been crucial from the point of view of:
Paul Temperton said that there was a risk that some people, such as poorly prepared shop keepers and small businesspeople, would continue to operate in the old currency after it officially ceased to be legal tender at the end of February 2002: I don't think the changeover will be very straightforward, and we know from historic experience that monetary unions like this have all broken up after 25 or 30 years - this is the rather unfortunate historical precedent. Are you ready for the euro? Write to us with your questions - Europe Today will ask an expert to answer a selection of them next month.
Europe Today is the World Service's specialist programme for European news - about Europe, from Europe. It's on air at 1700 GMT (1800 CET) from Monday to Friday, on 648 KHz (and on FM in many European cities - check our website for frequencies). |
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