ll bring more business and trading potential to commercial companies, especially small and medium-sized businesses. Large European companies will have a reduction in a lot of their costs, mainly in the processes of foreign exchange transactions. Consumers will benefit greatly from the common currency. Some of the benefits include: reduced costs for traveling to other countries; easier and less expensive transfer of funds to other countries; increased competition between businesses, which will lead to lower prices; low interest rates; and more economic growth, which will lead to increased job security. The European Union has recognized that the translation of values to the euro will be confusing to the public, so considerable efforts will be made by private operators and public authorities to make it as easy as possible for the people. The main entities that will have a disadvantage from the transition to a common currency will be the companies, large and small, that have failed to adequately prepare for the changes. ...
