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V4 2001 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 4, Number 48, November 25, 2001, Article 12 THE NEW EURO COINS AND BANKNOTES From an article on the November 12, 2001 issue of Fortune: "Is the euro really going to happen? Yes. More than 14 billion euro notes have been printed; 50 billion coins have been minted. European governments and businesses have spent billions getting ready for this. There is no turning back for the 300 million people living in euroland. On Jan. 1, euros will begin spewing from ATMs in 12 countries (Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain). The plan is that by Jan. 15, most currency transactions in those countries will be in euros and by the beginning of March, all of them will be. That doesn't mean the changeover will go smoothly. During the first few weeks, when the euro and existing national currencies circulate side by side, there will almost certainly be a few fights at banks and chaotic scenes at department stores -- not to mention attempts to slip counterfeit euros past harried cashiers." http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=204933

Wayne Homren, Editor

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