News Burst: The euro will cost Europe £30 billion

The symbol for the new European currency will cost Europe's largest companies around £30bn in computer upgrades according to accountancy firm KPMG.

According to the survey, 200 companies questioned about the euro thought adapting to it would cost nothing. "What a remarkeable assumption. People should realise nothing to do with computers and the future is free," said Mark Poole, a director at a London law firm. "It's going to cost us an arm and a leg. Then we'll have to fork out another pot of cash for the millennium bug."

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