On Mon, 23 Feb 1998 14:32:55 -0700, Garth Wood <garth@xxxxxxxxxxxxxxx>
wrote:
>At 08:34 PM 2/23/98 +0000, FvL wrote:
>
>[snip]
>
>>I would like to have a system like eBay running in Europe, but it just
>>isn't feasible until we have one currency here. Transatlantic shipment
>>fees are way too high.
>
>Frank:
>
>I thought the Ecu was on track. What (if anything) happened?
>
>Garth
Nothing happened, Garth.
Schedule:
March 98: Preliminary decision by German national bank. Here will be
decided which countries qualify for joining the EMU (European Monetary
Union) for use of common currency (called Euro, not ECU anymore).
May 98: Formal decision by European Community on the same topic.
Jan 99: Start of usage of Euro in bank traffic. Stock exchanges will
use Euro from now on. I think from that moment an eBay-like auction
could work, but only in the Euro-participating countries (7 or 8, I
guess, on the continent - The UK will not participate)
Jan 2002: Start of usage of Euro in real life (in bills/coins).
Frank.
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