Other countries have come up with different relationships – I have heard it said that one important reason why creditors have traditionally been in a weak position in Indonesia is the conscious recognition that creditors would often be Chinese businessmen and money-lenders, and the societal judgment was that it was not going to give powerful legal remedies to these creditors.
In the short run, EMU means substantial costs - one only has to think of all the activities related to the changeover weekend at the start of this year and the forthcoming replacement of banknotes and coins.