Printer Friendly

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."
COPYRIGHT 1998 Birmingham Post & Mail Ltd
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Birmingham Post (England)
Date:Mar 19, 1998
Previous Article:Fuzzy picture for audio-visual firm after market value plunges.
Next Article:Economic pointers fuel interest rate rise debate.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters