For background reading, please refer to Europaper n°12, reproducing Commission Working Paper SEC(97) 2384 final of 16 December 1998, entitled "Preparations for the Changeover of Public Administrations to the Euro"
Summary and main conclusions
The following fact sheets provide an overview of the state of preparations for the changeover of public administrations to the euro as of 15 May 1998.
All eleven participating Member States are now in the process of enacting euro-related legislation which will come into force on 1 January 1999. They will all allow a wide range of "euro-options", at least for enterprises, i.e. the optional use of the euro unit for such areas as accounting, annual reports, obligatory statistics and taxation, for example.
National voluntary agreements and/or regulations regarding business/customer relationships to be applied during the transitional period are also recorded.
In many participating Member States euro-related activity, at regional and municipal levels, is gaining markedly in strength.
Attention is also drawn to euro-related activities in non-participating Member States, primarily regarding the expected impact of the euro on the respective business communities.
The information contained in the fact sheets has been assembled by, and in close co-operation with, Member States’ national euro changeover or preparation teams, namely in the context of the "Public Administration Network", a service provided by the Commission’s Directorate-General for Economic and Financial Affairs*. The fact sheets are available as a EURO PAPER in English, French and German.
Extracts from national laws, regulations, agreements, plans etc. as well as from drafts, serve principally as an aid for further orientation, especially when translated from another language. It is recommended that the user, in order to gain access to the original texts, contact the indicated Internet addresses and help lines of the relevant national departments.