Less Than 20% Of UK Companies Expected To Be Euro-OK

With Britain still taking a wait-and-see attitude toward the euro, Europe's newly introduced common currency, it's not surprising that technology research firm International Data Corp. (IDC), Framingham, Mass., projects that less than 20% of all UK companies will have completed their euroconversion efforts by the end of 1999. Nor is it surprising that by year's end 70% of banks and 50% of communications and media companies will have made the switch. But about 33% of manufacturers are expected to be euro-compliant by the end of this year, a surprisingly high percentage, until, as IDC notes, Britain's sizable export markets and the relatively large amount of foreign direct investment in factories in Britain are taken into account.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish