€ EURO - Smaller groups less prepared

BELGIUM - One in five small and medium sized businesses in the eurozone say they will not be able to operate entirely in euros on January 1, the first day of the new currency, according to a European Commission study.

The findings of the study, carried out on more than 2,800 businesses in the eurozone, confirm concerns over the poor level of preparations of small companies.

However, nearly half of medium sized businesses (between 50 and 249 employees) estimate they will be ready for the euro on 1

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