European Salon de News, Discussion et Klatsch - 23 April | 131 comments (131 topical, 0 editorial, 0 hidden)

BBC NEWS | UK | England | Dorset | Dorset towns plan to accept euro

British tourists are being encouraged to holiday on the South Coast this summer by two Dorset towns which will accept unwanted euros.
Businesses across Bournemouth and Poole will accept the European currency in a move to welcome holidaymakers that may shun trips to the continent.
Hotels, restaurants and guest houses are among the traders which plan to take on the scheme.
Tourism chiefs believe the move could be worth about £10m to the region.
The figure is based on the estimate of half a million tourists each spending 20 euros as a part of their holiday budget.

by Fran on Wed Apr 22nd, 2009 at 02:07:10 PM EST
[ Parent ]

Re: Economy and Finance (none / 1)

Umm, the euro is legal tender in the UK. Marks and spencers mark all their products with prices in euros as well as sterling and accept them in payment.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Apr 22nd, 2009 at 05:03:18 PM EST
[ Parent ]

Re: Economy and Finance (none / 1)

Marks and spencers mark all their products with prices in euros as well as sterling and accept them in payment.

At the official exchange rate?

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Apr 22nd, 2009 at 10:39:01 PM EST
[ Parent ]

Re: Economy and Finance (none / 1)

Helen:

the euro is legal tender in the UK

Umm, wouldn't that require an Act of Parliament?

And don't merchants still have the right to refuse to accept euros as payment?

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Thu Apr 23rd, 2009 at 03:46:59 AM EST
[ Parent ]

Re: Economy and Finance (none / 1)

Right. Just because some merchants accept it doesn't mean it is legal tender.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Apr 23rd, 2009 at 04:35:04 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 23 April | 131 comments (131 topical, 0 editorial, 0 hidden)

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