The euro content of this web site is preserved for
of readers in the UK, Sweden, and Denmark, and the accession
countries. We have a wealth of archival material that
describes the work that was done in the 12 eurozone
countries for a successful transition to the euro on
you are doing contingency planning for a euro changeover,
you can benefit from our considerable experience. Contact us
for advice, training, and testing services to prevent
problems in the systems conversion project!
UK Draft Managed Transition Plan published for
consultation (January 2005)
The UK’s preferred phased approach or “Managed Transition” to any
possible future UK changeover to the euro was published in the third
outline National Changeover Plan on 9 June 2003. The Euro Preparations
Unit invites comments on this working draft from all interested parties
by 25 March 2005.
UK Euro Preparations leaflet July 2004
Preparations - What you need to know This leaflet provides a
summary of the third outline National Changeover Plan. It explains how
the UK would make the change from sterling to euro in the event of a
decision to join.
UK Euro Preparations Unit
report Spring 2004 details the work done, and a forward work
programme for consumer codes, codes of practice, communications plans,
local authority changeover plans, and the Managed Transition Plan.
Reports on consultation process to Jan 2004, Consumer protection and
communication, Public, Voluntary, and Private sector, and wholesale
financial markets preparations, and reports from preparations
committees in Scotland, Wales and Northern Ireland.
EPU is working with
stakeholders across the economy to develop an Integrated Communication
Plan (ICP) by autumn 2004. Local authority plans should be completed by
summer 2004, and at this point the authorities will consider having
them externally verified, for example, through OGC Gateway™. On 18
February 2004, the National Council for Voluntary Organisations (NCVO)
published the results of its research into the effect of adopting the
euro on the sector, in a report called “Ready for Change?”. An updated
version of the Managed Transition Plan (MTP) for the private sector
will be available by autumn 2004.
Examples of the euro services available in Newry, Northern Ireland,
include: • euro cash is widely accepted throughout the retail sector in
Newry – around 30% of trade in Newry is conducted in euro and one Newry
city centre bank ATM machine has over 5,000 euro transactions per week;
• euro coins are accepted in Newry car parks and public telephones; and
• Newry City Council accept euro notes in payment for local services.
Denmark, the UK, or Sweden, learn from the experience of
those who have changed to the euro. Discover the secret
traps in euro conversion and what vendors are not telling
you about "euro compliance". Free reader support.
EMU, the euro, I.T. and Information Systems. Updated April 2001: Risk
and contingency planning in a euro project. FEE Euro web
site. Also see the archive table
of contents for the PraxIS/EuroIS newsletter from
current back to June 2000.
An outline of a typical seminar
on the euro changeover.
Choose your level: a "euro made easy" workshop for
managers, and a detailed technical presentation on euro
software testing and database conversion.
month we email out a FREE newsletter
"PraxIS", on important IT
issues with a special focus on the
euro changeover. To sign up, Simply
send a blank email to eurois-subscribe (at) yahoogroups (dot) com
Guide to the Euro by Jay H. Levin,
University (pub. Houghton Mifflin, 2002)
explaining both the historical and political background as
well as the economic underpinnings of monetary integration.
Understanding the EURO : The Clear and Concise Guide to the New
By Christian N. Chabot. The euro in the context of global
commerce; how the euro will affect businesses and investments
the Whistle Paul van Buitenen,
Lorna Dale (Translator) In 1998 Paul van Buitenen, an assistant auditor
in the Financial Control Directorate of the European Commission in
Brussels, lifted the lid on the internal corruption and fraud he had
unearthed at the heart of the Commission.
Joint statement by representatives of consumers
and representatives of traders and SMEs Good practice to
promote consumers' familiarity with the euro and to
facilitate the introduction of euro coins and banknotes in
2002 (2 April 2001) may be downloaded from the FEE
Web site or directly from this
link as a PDF file (19K)
accountants and auditors about the change to the euro In preparing and auditing the year 2000
accounts, this is the last
systematic opportunity accountants and auditors will have to advise
clients about the need for early and adequate preparation for the
introduction of the euro. A letter and enclosures in nine
languages has been sent to all the national accountancy body members of
Fédération des Experts Comptables Européens (FEE). It
includes advice on practice management issued by the
Institute of Chartered Accountants in Ireland, a suggested
audit checklist, and Advice published by the Compagnie
Nationale des Commissaires aux Comptes (in French).
The slogans of the euro campaigns, which
have been launched in all the euro-area countries since the beginning
of 2001, shed light on the key theme in each country.
Belgium "Soon, the euro will be replacing the franc"
Bientôt l'euro remplace le franc, Straks
vervangt de euro de frank
Germany "True values win through: the euro"
Echte Werte setzen sich durch Der Euro
Greece "Euro: promising future" "I'm with the euro too"
(Evrosto Mellon), (Ke ego Evro)
Spain "The euro, start counting with it/on it"
Euro empieza a contar con el
France "The euro is easier together"
L'euro, c'est plus facile ensemble
Ireland Think euro- the change is in your pocket
Smaoinigh euro - is I do phoca- sa a bheidh an t-athrú
Italy "The euro becomes an everyday event"
L'euro entra nel quotidiano
Luxembourg "Ready for the euro"
Prett fir den euro!
Netherlands "The euro is for us all"
De euro wordt van ons allemaal
Austria "Welcome to the euro", (no overall slogan but targeted slogans)
Portugal "The euro: the right answer"
Euro. A resposta certa
Finland "Euro into practice" (not a slogan but an objective)
Euro tas I bruck, Euro käyttöön
ECB/Eurosystem "The euro, our currency"
L’euro notre monnaie
Commission "The euro: the European Union in your hand"
L'euro : l'Union européenne dans votre main
about the euro
Talking about the euro for the last time
Policy & Issues
Smooth changeover confounds Cassandras
Why some banks and post offices struggled to cope
IBAN, BIC numbers compulsory on cross-border invoices
Cash helps ‘out’ countries’ pro-euro camps
The rights and wrongs of German euro rebates
Waiting for the euro to deliver on price convergence
Prices are the main complaint
More coins needed, long-term fate of 1, 2-cents uncertain
Finns round only cash payments
ECB, Europol co-operation in counterfeiting
Italians hit by eurostress
Nicknames for Dutch euro
Doubts about German SMEs
Euro? No problem, say French
Cash wins Austrian, German hearts and minds
British business more sympathetic to euro
Information gaps survived on eve of cash launch
Cash flow problems could still surface
DATEV customers rushing to catch up
Euro-Impact Editor's letter
One final word …
Since May 1997, when the trial issue of Euro-impact was launched and I
worried (unnecessarily) about whether we would be launching the first
issue in June 1997 with no subscribers, we have tried to stay away from
the politics of the euro. Much to the amazement of many of my
I am British, as many of you know by now. Indeed, some people have
pointed to the paradox that a British publication with British
editorial staff and British capital should be the only surviving
pan-European newsletter for business on the single currency.
Because I am British, I have spent a great deal of time over the last
few years explaining to my compatriots that it is possible to produce a
monthly on the euro without taking a political stance either for or
For that we had columnists, and in particular, Michael Rolfe, the
pseudonym for John Wyles. To John, Euro-impact is indebted for his
thought-provoking, up-to-the-minute columns and much unsung work in the
boiler rooms of Euro-impact together with his wife and business
partner, Carla Ciminera. Euro-impact was a joint venture of the three
It is true that it would probably have been difficult for a eurosceptic
to have enthused about being a member of the Euro-impact editorial
team, but I believe we nevertheless succeeded in our mission of being
an objective tool to help you deal with a reality you may love or hate,
but could not escape.
Personally, I have always said I am an agnostic about UK membership,
while behind the objective stance we have tried to pursue for the last
five years and more, I have had no doubts that the single currency was
the right, and an unavoidable course, for most of the EU. Consequently,
I was as excited as anyone in the crowds which cheered the arrival of
the euro at midnight at December 31. And I know many of you felt the
same thrill, coupled with relief that the preparation had paid off in a
And I must eat humble pie: I had been critical of the Publicis/European
Central Bank advertising campaign. In practice, the concept that the
euro should be portrayed as synonymous with youth and dynamism was
clearly right. The behaviour of the public at large belied the
surviving euro-scepticism shown in many polls and was testimony to the
understanding that this was a historic moment and the eve of a new era.
Many of us, and I was one, underestimated the popular sense of history.
So Euro-impact completes its mission on a high note, notwithstanding
the inevitable glitches which accompanied the biggest peacetime
logistical exercise ever. We, like the Association for the Monetary
Union of Europe, with which we have been proud to co-operate for much
of our existence, are folding our tents. As euro project managers, you
are largely doing the same. I wish you well and thank you once again
for all the help you have given me in understanding what Euro-impact
readers' concerns were.
Your email address is treated as confidential and never disclosed
without your explicit permission. OPT-OUT: The phone and fax numbers and
email addresses at sysmod.com provided on this web site are provided
solely for one-to-one communications to Systems Modelling Ltd. We
forbid any harvesting of email addresses from this site, or the
inclusion of any sysmod.com address in any mail list without our
explicit permission. SPAM: Unsolicited bulk email to
sysmod.com will be reported to SpamCop.