SFA warn that euro changeover may be slow
The Small Firms Association has warned that the euro changeover may be slow because 27% of Irish people have no bank account.
The Director of the SFA, Pat Delaney, remains confident about the economic gains that the changeover will bring to Irish businesses however. He said it is the greatest day in Ireland’s economic history.
The 12 states that will be part of the new "Euroland" are comprised of 300m consumers and accounts for over 20% of world trade.
Delaney says "the euro will drive competitive demands deeper with reduced exchange and payment costs becoming key elements in any business".
