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To: John Mansfield who wrote (22891)11/12/1998 10:26:00 PM
From: Alex  Respond to of 116753
 
"One asked about taking out a business loan in euros, to take advantage of lower Continental interest rates. Another wondered whether British shops would accept euro-denominated credit cards. For both, George cautioned that borrowing in a foreign currency exposed the borrower to a currency risk of the kind which caused the Asian collapse last year.

He reassured another Web-surfer that Britain"s gold reserve would stay in Britain if the country eventually signs up to the euro. "

tscn.com