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Rover's plan for EMU `unwise'.

Business software experts have called on Rover to rethink its strategy for European Monetary Union, claiming that the car company's plan to force suppliers to trade in euros from next January was "premature and unwise".

Accounting software trade association BASDA said there was "no clear advantage" in any company going for early adoption of EMU.

Rover, a BMW subsidiary, is merely the latest in a line of German-owned organisations to warn suppliers that it will expect them to trade in euros early on.

Last month it revealed that major suppliers should expect to start trading in euros rather than sterling from next January.

But BASDA chief executive Mr Dennis Keeling warned such a move was risky and should be put off.

Mr Keeling said: "This is not intended to be political. It is practical advice based on our knowledge of the readiness of the business and accounting software developers to supply fully tested EMU compliant products."
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Publication:The Birmingham Post (England)
Date:Mar 19, 1998
Words:156
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