Preparing for the Euro
What UK companies must do to be ready
Published on 4. December 2001
Book
Paperback/Softback
160 pages
978-0-273-65913-6 (ISBN)
Description
It is only a matter of time before a referendum on joining the euro is held. Whilst we can't predict the outcome or precise timing of the referendum, UK companies cannot afford to ignore the following:
there is a significant chance of a " yes" vote within two years
if there is a "yes"vote the timeframe for entry will be shorter than that enjoyed by those countries already in the euro
almost every aspect of their business will be touched in some way by the process
significant costs will be incurred and these need to be budgeted for.
There are preparations that companies can and should be making now. Whether you're a europhile or a europhobe, the risks of not being prepared are too high to be ignored. This briefing explains what you need to do and looks at how companies across the euro-zone have prepared and what lessons can be learned from those experiences. It will also give you invaluable guidance on what action you need to take when and if the UK does opt in. Make sure you' re ahead of the game. Contents include:
Lessons learned
Compliance
What can companies do now?
A route-map to preparations
Post implementation review
Mobilisation
Business strategy
Impact assessment
Implementation
Post implementation review
there is a significant chance of a " yes" vote within two years
if there is a "yes"vote the timeframe for entry will be shorter than that enjoyed by those countries already in the euro
almost every aspect of their business will be touched in some way by the process
significant costs will be incurred and these need to be budgeted for.
There are preparations that companies can and should be making now. Whether you're a europhile or a europhobe, the risks of not being prepared are too high to be ignored. This briefing explains what you need to do and looks at how companies across the euro-zone have prepared and what lessons can be learned from those experiences. It will also give you invaluable guidance on what action you need to take when and if the UK does opt in. Make sure you' re ahead of the game. Contents include:
Lessons learned
Compliance
What can companies do now?
A route-map to preparations
Post implementation review
Mobilisation
Business strategy
Impact assessment
Implementation
Post implementation review
More details
Series
Language
English
Place of publication
Harlow
United Kingdom
Publishing group
Pearson Education Limited
Target group
Professional and scholarly
Dimensions
Height: 297 mm
Width: 211 mm
Thickness: 9 mm
Weight
490 gr
ISBN-13
978-0-273-65913-6 (9780273659136)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Content
PrefaceAbbreviations
Executive summary
Introduction
Background
Politics are taboo
Economics are for economists
Objectives of this volume
Intended readership
Case studies
Economic and Monetary Union
History
Stage 3
Transition period
Stage 3B - notes and coins
The remaining EU countries
Other European countries
The position of the United Kingdom
Background
The five economic tests
The Outline National Changeover Plan
Regional euro forums
Trade bodies
Public opinion
Corporate Britain
Sterling-based expressions
Lessons learned
Preparations for 1 January 1999
The transition period
Preparations for 1 January 2002
Ireland
What can companies do now?
Introduction
Potential timing
The Seven Ss
S number 1 - Strategy
Mobilisation and awareness
S number 2 - Scope
S number 3 - Size
Flexibility
How to move from theory to practice
A route map to preparations
Conditional mode
Getting from A to B
S number 4 - Sponsor
S number 5 - Steering committee
S number 1 revisited
S number 6 - Supremo
The implementation phase
Framework
Programme office
Accounting
Customer interface
Human resources
Information technology
Legal
Marketing and sales
Supply chain
Treasury and finance
Training and communication
S number 7 - Sensitivity
Resourcing
Dos and don'ts
Dos
Don'ts
Conclusions
Forget politics
Depth, breadth and uncertainty
Assessing the impact
Timing
Governance
Communication
Competition
Executive summary
Introduction
Background
Politics are taboo
Economics are for economists
Objectives of this volume
Intended readership
Case studies
Economic and Monetary Union
History
Stage 3
Transition period
Stage 3B - notes and coins
The remaining EU countries
Other European countries
The position of the United Kingdom
Background
The five economic tests
The Outline National Changeover Plan
Regional euro forums
Trade bodies
Public opinion
Corporate Britain
Sterling-based expressions
Lessons learned
Preparations for 1 January 1999
The transition period
Preparations for 1 January 2002
Ireland
What can companies do now?
Introduction
Potential timing
The Seven Ss
S number 1 - Strategy
Mobilisation and awareness
S number 2 - Scope
S number 3 - Size
Flexibility
How to move from theory to practice
A route map to preparations
Conditional mode
Getting from A to B
S number 4 - Sponsor
S number 5 - Steering committee
S number 1 revisited
S number 6 - Supremo
The implementation phase
Framework
Programme office
Accounting
Customer interface
Human resources
Information technology
Legal
Marketing and sales
Supply chain
Treasury and finance
Training and communication
S number 7 - Sensitivity
Resourcing
Dos and don'ts
Dos
Don'ts
Conclusions
Forget politics
Depth, breadth and uncertainty
Assessing the impact
Timing
Governance
Communication
Competition