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How Companies Will Get Euro-Ready

STEP ONE
Adapt computer systems to bill customers and pay suppliers in euros. Maintain dual accounting in euros and national currencies.

STEP TWO
Convert internal transactions, such as budget allocations and payments between subsidiaries, into euros.

STEP THREE
Change over human-resource functions, including payroll and benefits. Pay taxes in euros only.


DATA: BUSINESS WEEK



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Updated Dec. 3, 1998 by bwwebmaster
Copyright 1998, Bloomberg L.P.
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