Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

LEAD ON SINGLE CURRENCY, COMMISSIONER TELLS LOCAL AUTHORITIES

  • Comment
Local authorities could lead the way in preparation for a single European currency, the commissioner responsible fo...
Local authorities could lead the way in preparation for a single European currency, the commissioner responsible for economic and monetary affairs, Yves-Thibault de Silguy, has said.

Asked in an interview with the September issue of Regions & Cities of Europe (the newsletter of the Committee of the Regions), what role local and regional authorities could play in the changeover from national currencies to a single currency. he said:

'In common with other public administrations, regional and local authorities will need to consider the implications of the transition to the euro for their own operation, for example affecting grants and taxes, payments, computer systems, staff salaries and training.

'By leading the way, local and regional authorities could have a mobilising effect on companies and individuals operating in their areas. Remember that it will be the first who are ready for the euro who will be the first to reap its benefits.'

The commissioner welcomed an offer by the CoR to help with a public information campaign on the single currency

'The information campaign on the euro should be implemented as close as possible to the citizen, on a fully decentralised basis. This means an important role for the regions and municipalities of the union.'

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.