This report has been prepared to meet the Commission's commitment to carry out, before the end of 1998, an initial evaluation of the implementation of its Recommendation 98/286/EC on banking charges for conversion to the Euro. The report sets out, as a basis for consultation, the information...

The introduction of the Euro will change the currency in which many financial statements are prepared. It will have practical consequences for many firms . Increasingly Commission services have been asked to clarify how these changes should be reflected properly in financial statements.