Bank sees troubled euro debut


Small businesses in continental Europe are poorly prepared for the launch of euro notes and coins on 1 January 2002, according to French bank BNP Paribas.

Salary payments and supplies are most likely to be affected, economists at the bank predicted.

The bank also sees a 'severe' cut back in consumer spending in the early days of the single currency. National currencies will largely cease to be legal tender by the end of February 2002.