15 November 2001, 14:58 EU Commission sees only smallest firms unprepared for euro cash arrival Jan 1
BRUSSELS (AFX) - The European Commission said only the smallest
companies still appear unprepared to carry out accounting in euros and
to deal with the arrival of euro notes and coins on Jan 1.
Monetary affairs spokesman Gerassimos Thomas said it is now up to
local chambers of commerce and trade associations to put pressure on
their members to speed up preparations in the last month and a half.
He said it seems that that one out of five small and medium-sized
enterprises plan to be ready only after Jan 1 2002.
This willl not create problems "if it's a very small enterprise of
one or two people, writing their accounts by hand,", but "if they rely
on software for their books, they had better prepare before Jan 1," he
said.
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