German Banks Train Hard For Emu

They are training staff, writing computer programs, analysing markets, advising customers and spending money all with around 800 days to go until the January 1 1999 deadline.

This may seem like a long time, but banks are taking no chances. Deutsche Bank, Germanys biggest bank, is working on the probability that Emu will go ahead as planned, most likely with a small number of participants led by Germany and France. Thus it is putting its full weight and more than Deutsche mark 300 million (