The banks that will win from Emu

Life under the euro

As Emu approaches its January 1 1999 target starting date, many of the confident assumptions of a few months ago have once again been called into question. Will there be Emu at all? If so, when will it start? And which countries will participate at the outset? From the banking sector perspective, however, two factors are constant. First, if Emu comes there will be radical implications for the competitive environment. Second, no bank can afford to be unprepared.