Change to Euro Currency May Cause Computer Snafu

~ New York Times ~

March 9, 1998

By ANDREW ROSS SORKIN

Amid the rush to reprogram the world's computers so that they will function after Jan. 1, 2000, a little-known computer problem looms as large with a deadline that is even earlier.

On Jan. 1, 1999, the European Monetary Union will introduce the euro, a new currency that could have serious consequences for the computer systems of financial institutions and just about any company that deals in foreign currencies and exchange rates.

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Most European Businesses Are Ill-Prepared For New Currency

TechWeb - 03/06/98- By Matthew Slater

More than one-third of European businesses have no plans in place to deal with the unified European currency, scheduled to start at the beginning of 1999, according to research from a pan-European research group.

The European Information Technology Observatory (EITO), a research venture funded by European industry associations and trade show organizers, said Thursday that 36 percent of businesses it had questioned had made no plans for the shift to the unified European currency, known as the Euro, and only 3 percent said they were ready now.

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-- Bill (billdale@lakesnet.net), March 13, 1998