If euro is to be used as a 2nd currency in UK, then it should be pegged to pound at a fixed rate.
Otherwise the rate has to be calculated on everyday's value. Only other easy way is to introduce a new calculator with a euro and pound button with a feature to store the everyday's exchange rate. Madan --- Adrian Jadic <[EMAIL PROTECTED]> wrote: > From: "Adrian Jadic" <[EMAIL PROTECTED]> > To: "U.S. Metric Association" <[EMAIL PROTECTED]> > CC: [EMAIL PROTECTED] > Date: Mon, 31 Dec 2001 07:16:16 +0500 > Subject: [USMA:16977] Re: Euro will be UK second > currency, says Kinnock > Reply-to: [EMAIL PROTECTED] > > It certainly appears to me that the UK will perform > the transition to the Euro "� la Americaine". > They will let the Euro run in parallel with the > Sterling and hope that some day, miraculously, the > entire population will speak out in one voice: "We > want Euro! We want Euro!" (Yeah, right!) > > Instead, the achievement will be another hodge-podge > similar to the American metrication. > Having to deal with two "wallets" the population > will turn even more against the Euro and new > "martyrs" will rise to fight the EU integration. > > Adrian > > ----------------------- > kilopascal wrote: > > 2001-12-30 > > Euro will be UK second currency, says Kinnock > > THE euro will be in use in Britain within weeks and > will soon be as readily accepted in the high street > as sterling, according to Neil Kinnock, Britain�s > most senior official in Brussels, writes Nicholas > Rufford. > On the eve of the launch of euro cash in 12 > countries, Kinnock predicted the notes and coins > would become a second currency in Britain faster > than expected, regardless of whether it replaced > sterling officially. > > Kinnock, a European commissioner and one of Tony > Blair�s advisers on euro strategy, said most high > street stores, as well as banks and building > societies, would �accept euros as easily as they do > pounds and pence�. > > His remarks are a departure from the usual efforts > by the European Union to remain neutral regarding > Britain�s relationship with the euro. Kinnock was > roused by what he regarded as unfair criticism of > the new currency. > > �People will quickly realise that when they touch a > euro their fingers will not drop off, despite the > attempts of anti-Europeans to portray it as some > sort of dreadful plague,� he said. > > He added that it was not a case of whether Britain > joined the euro but when. > > �The case for Britain being in the euro is exactly > the same as the case for Britain being in > theEuropean Union,� Kinnock added. > > The pound would remain Britain�s official currency > until a referendum on the euro and most transactions > would be in sterling until then, but the euro would > become a popular alternative currency, he said. > > Critics said Kinnock�s remarks were evidence of a > government plan to bring the euro to Britain through > the back door. �By the time Blair gets round to > asking the British people, the euro will be a > foregone conclusion,� said one critic. > > The emergence of the euro as a second unofficial > currency is being quietly pushed by the government. > The Department of Trade and Industry has set up 12 > regional euro forums to promote the currency to > small businesses. > > Helplines and government literature advise > businessmen from shopkeepers to manufacturers that > accepting the euro will soon be in their best > interests. The government has admitted to spending > �23m preparing for the euro changeover. > > Michael Howard, the shadow chancellor, accused the > government of a policy of �euro creep�. He added: �I > don�t think it is acceptable that public money is > being spent on euro preparations. A lot of that is > being used for propaganda.� > > > > Copyright 2001 Times Newspapers Ltd. This service is > provided on Times Newspapers' standard terms and > conditions. To inquire about a licence to reproduce > material from The Times, visit the Syndication > website. > > -- > > _______________________________________________ > Sign-up for your own FREE Personalized E-mail at > Mail.com > http://www.mail.com/?sr=signup > > > 1 cent a minute calls anywhere in the U.S.! > > http://www.getpennytalk.com/cgi-bin/adforward.cgi?p_key=RG9853KJ&url=http://www.getpennytalk.com > __________________________________________________ Do You Yahoo!? Send your FREE holiday greetings online! http://greetings.yahoo.com
