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Europe Daily Bulletin No. 7634

15 January 2000
GENERAL NEWS / (eu) eu/monetary
Re-evaluation of drachma could be decided over the weekend

Athens / Brussels, 14/01/2000 (Agence Europe) - Friday evening Community circles were expecting the convening (for Saturday) of the EU's Economic and Financial Committee to discuss the re-evaluation of the Greek drachma in relation to the euro. Senior Greek officials, members of the Committee, were already in Brussels Friday. A Community decision is necessary as Greece is part of the "SME-2" exchange rate system and any change to the central rate has to be decided by common agreement.

The...

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