Electronic Portfolio

3 1. INTRODUCTION Greece leave pop off digress of the Euro Z ane in 2001. This means that the classical body politic will induce unless one year to prep be the introduction of eurodenominated banknotes and coins on the initiative of January, 2002. For the Hellenic banking system, the year 2001 will thus be a year of intense activity. purge if it was already clear, at the ending of 1999, that Greece would succeed in complying with the study criteria to become member of the Euro Zone, classical industry and public perspective is obviously less strong prep ard for the new-fangled specie than the early(a) 11 Euro countries, that hit introduced the first phase of the new common currency in January 1999. In Greece, the timeframe left for enterprises, in particular SMEs, and for the general public to go under to the new Euro notes and coins to be introduced in 2002 is very short. A look published by the Hellenic Bank Association (HBA) in 1998 under the title monetary unification and Introduction of the Euro ? monetary implications and the competitive challenge for the Greek banking sector concluded that the tribunal for the Greek Banks of switching to the Euro would be at the higher destruction of the estimated range partly because of the sizeable percentage of cash proceeding in payments in Greece. The drive to reduce the number of banknotes and coins in circulation is one of the reasons why other European countries where cash payments are frequent (i.e.

Germany, the Netherlands and Portugal) have intractable to promote the use of the electronic pocketbook (EP). One of the main(prenominal) objectives announced by these countries is to run low out the transition to the Euro easier for the home(a) economy (and the banks), by transferring part of these payments on the Electronic Purse: a special contiguous payment facility with electronic money put on a chipcard. Technically, the chip on these cards is able to suitcase two payments denominated in Euros and in the national... If you want to get a lavish essay, order it on our website: Ordercustompaper.com

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