> >>If my gut feeling to French Euro prices is true the French will have 20%
> >>inflation within the year.
> >As David says, this does not seem to be happening, except perhaps a
> >little in street markets and cafs. Certainly not for larger items
> >like skis (I bought some last week) and hotel prices etc.
> I'd echo that from Germany/Austria. Larger items have been dual priced
> for sometime of course so there's not much room to increase prices
> just because it's after the changeover. Most of the shops here seems
> to be dual priced still as well making a comparison easy, I'm not
> clear what the changeover protocol said about this, ie how long dual
> labeling will continue.
> However, most restaurants and cafes just produced new menus in the new
> currency making any comparison difficult. What I have found is I'm
> having to recalculate what I would tip in restaurants etc, the new
> units make it a little awkward to round some bills.
> Areas which are real problems are small cash transactions, ie auto
> tolls, car parks, cigarette machines etc, the reasons are fairly
> >IIRC the government has guaranteed that prices will not generally
> >increase as a result, although how they're implementing this is
> >another matter. I guess it's just getting the buy-in of the major
> >retail chains to honour said guarantee.
> No legal enforcement I think, just an gentlemans agreement for some
> retailers, this only covered staples like food IIRC.
In Austria they have actually put legal safeguards in place to stop
price-gouging (for example, ski hire shops had to decide their prices for
this winter at the end of the previous winter as there was a price freeze in
the run-up to the Euro) which is why most Euro prices are exact and not
rounded. The dual schilling/Euro lasts for two months and then it's all
Euros. However most people are just getting rid of all their schillings and
working in Euros. Couple of hiccups with people using Euro pay-in slips and
giving 14 times the donation they intended to to charities (most charities
are being pretty good about this) and anybody reliant on tips
(bars/restaurants/ski school) has been complaining mightily about first two
weeks in January, when people were not tipping or undertipping because of
unfamiliarity with the currency.
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