The Association for the Monetary Union of Europe issued a Press Release at the beginning of the year to welcome the arrival of the euro in physical form in the twelve countries of the Eurozone, to celebrate the accomplishment of the Association's mission and to announce the Association's decision to cease operating as of 30 April 2002, a decision directly stemming from this success.
The EFG Bank Group, parent company of EFG Eurobank Ergasias, which since 1994 represents Greece on the Association's Board of Directors, also wishes to congratulate the European and Greek members of the Association for this important success, which constitutes a fundamental step on the path to European integration. Thanks to the support of its members in Greece, the Association was particularly active in this country, participating in or co-organising ten conferences on the Euro beginning in 1996, and distributing, through its members, a total of 270,000 copies of the four preparation guides for enterprises. This number places Greece in fifth position in the EU "15", though a much higher one if one takes into account population size. Beyond the quantitative element, of course, one must also point out the timely nature of the distribution, which filled a real need in terms of detailed, printed information material available to companies.
The Association for the Monetary Union of Europe was established in 1987 in Paris by a number of large European enterprises, such as Siemens, Fiat, Barclays Bank, Deutsche Bank and Philips, with the common goal of promoting the adoption of a single currency and ensuring monetary stability in Europe. The 300-plus companies and banks that are today members of the Association hail from all 15 member states of the EU and employ approximately 8 million people. In Greece, members include many important Greek companies, several banks and a number of business organisations.