U.K. Corporate Treasurers Warn Over Costs Of Single Currency
CORPORATES
The proposed single European currency, the Euro, will result in major changes for the U.K.'s corporate treasurers, but few have yet studied seriously the practicalities and costs that are likely to be involved, according to the Association of Corporate Treasurers (ACT).
In a research paper for its members, who comprise most of the U.K.'s leading corporate and institutional treasurers, the ACT says that European Monetary Union (EMU), if it goes ahead, will have both one-off and ongoing
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