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13 July, 2000
Greece is ready for introduction of the euro as a day-to-day currency on January 1, 2002 along with the euro zone's other members, EU Monetary Affairs Commissioner Pedro Solbes said on Wednesday.
Solbes was replying to a reporter's question at a news conference held in the Belgium capital on the EU's readiness for introduction of the single currency, which has not so far circulated although it is traded and used in paper transactions.
"Preparations begun in Greece on transfer to the euro are adequate and I am absolutely certain that on January 1, 2002 Greece will be suitably prepared," Solbes said.
He added that the government had briefed the EU's executive Commission and European Central Bank of the extent of its preparations before a summit of EU leaders in June approved the country's entry into the euro-zone on January 1, 2001, ahead of the euro's circulation.
Greece's belated entry as the twelfth member of the euro zone had not led to problems of readiness. Conversely, the country was at an advantage for the euro's introduction, as it would avoid certain practical difficulties faced by the zone's older members, Solbes added.
Source: Athens News Agency
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