EUROPE - Gangs of counterfeiters are set to offload fake francs, D-Marks and other eurozone currencies before the changeover to euro notes and coins in January, retailers have been warned.
SWEDEN - Goran Persson, Sweden's Social Democratic prime minister, believes the Scandinavian country could be a member of the single currency by 2005 if next January's introduction of euro notes and coins is a success.
HUNGARY - The National Bank of Hungary (MNB) is preparing recommendations to commercial banks regarding the introduction of euro coins and notes in 12 EU member states as of 1 January 2002, MNB spokesperson Gabor Missura said.
PORTUGAL - Portugal's central bank has rejected printing the largest denomination euro notes because it believes people will shun them, a spokesman said on 9 July.
UK - The conversion to a decimal currency in Britain in 1971 may have lessons for the introduction of euro notes and coins in January next year.
EUROPE - Fewer European companies say they are ready for the introduction of euro notes and coins now than a year ago, according to a survey of big businesses in the euro-zone.
Speech - Eugenio Domingo Solans, Member of the Governing Council and the Executive Board of the European Central Bank delivered a speech at the Euro 2002 Information Campaign conference hosted by the Banco de Portugal on 15 May.
Fears are growing that the introduction of euro notes and coins on 1 January 2001 will create logistical nightmares for eurozone authorities.
The European Central Bank on Mar 15, 2001 said it approved a 10 percent increase in the production of euro banknotes to create an additional reserve and help smooth the changeover to euro cash.
The European Central Bank, European Commission and Europol on Mar 7, 2001 said they had jointly developed an action plan to combat would-be euro cash counterfeiters.
The European Central Bank insisted that production of euro banknotes is on schedule, rejecting a newspaper report that said printing problems could leave European nations short for the introduction of the notes on Jan. 1, 2002.
Belgium announced on Feb 6, 2001, its final plans for the switch to euro notes and coins in 2002, a mammoth logistical task which is set to mobilise all 12 euro zone countries in the second half of this year. Belgium's "Euro Commission" said banks and…
European Central Bank Vice President Christian Noyer said on Feb. 2 that public support of the single currency would grow with the introduction of euro notes and coins from January 1, 2002. Echoing earlier comments from other ECB officials, Noyer said it…
The European Central Bank on Feb. 1, 2001, unveiled a new website as part of its campaign to prepare the public in the 12 euro-zone states for the introduction of notes and coins from January 1, 2002.The website, with the address www.euro.ecb.int, has…
According to the German economics institute IFO, the introduction of the euro coins and banknotes at the beginning of 2002 will cause a financial loss to the German treasury of DM60bn.