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I think that they will need the extra time for the merchants to get their cash registers and accounting systems changed to handle the new denominations. All the gov. depts. will have to change tax rates, etc.

Also, I imagine that there will be lively discussions about whoose national heros will be on the various bills and coins.

I think that the extra work by businesses and goverments to effect this change may cost Europe far more that they planned. The real benefit may be delayed for several years due to this cost.
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