Leading investment bank Schroder Salomon Smith Barney (SSSB) is warning that euro-zone shops may have to close because of the confusion when the member countries’ national currencies are replaced by a single set of notes and coins.
SSSB has warned that the confusion caused by people being able to pay in their old currency, but getting their change in euros, will slow down transactions and cause queues. The brokers warn that retailers may not be able to get enough change in euros and in worst case scenarios be forced to close.
The Independent on Sunday 24/06/01 page 1 (Business Section)
