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Europe Daily Bulletin No. 7782

23 August 2000
GENERAL NEWS / (eu) emu/belgium
Belgian banks could convert private accounts into euros six months ahead of time

Brussels, 22/08/2000 (Agence Europe) - Last Friday's Financieel-Economische Tijd reported that Belgian banks plan to convert private accounts into euros from 1 July 2001, without waiting for 1 January 2002. The "Association Belge des Banques" (ABB), states the newspaper, hopes, however, to begin consultation on the issue with banks from the other euro area countries. An ABB spokesperson clarified as follows: "There will be no obligation to convert on 1 July 2001", adding: "If the client...

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GENERAL NEWS