By editorial@silicon.com, 17 April 2001 09:00
NEWS Germany is the largest European state to have announced its intention to adopt the Euro - though it is showing few signs of having the systems in place to do so. Tax consultant Datev, whose programs are used by over two thirds of German companies, has revealed that Germany is not yet acting to replace the Deutschmark. Two million accounts are stored with Datev in Nuremberg, but only 20,000 are recorded in Euros. Claudia Erhardt, responsible for the Euro at Datev, said: "It is likely that most of them will only change over at the last minute and that there will then be considerable problems." In her opinion the Euro is proving unattractive to German business because of the many record lows of the past year. The worst case scenario for companies who miss the changeover to the Euro is that they will be left unable to trade in the domestic market.
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