Y2K: STATE FISCAL YEARS & EURO TRANSITION
On July 1, 1999 forty-six states started their 2000 Fiscal Year. Federal Government begins 2000 Fiscal Year October 1.
<In any case, July 1 will be tremendously useful gauge of the Y2K problem's magnitude. If errors do not corrupt the daily life of citizens and government suppliers, there's very little reason to view January 1, 2000, with fear. Even if some problems arise, their breadth and intensity will provide an excellent basis for anticipating the overall impact of Y2K.> MITCH RATCLIFFE, July 2, 1999
He's the same one who said this:
"But, as a bellwether of things Y2K, the Euro transition should provide substantial peace of mind to those concerned that the world's data infrastructure will come unglued on January 1, 2000 ... As a problem of similar scale, the Euro conversion is an excellent basis for making projections about the Y2K date roll-over." MITCH RATCLIFFE, ZDNET - January 5, 1999
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Two days later ...
BLOOMBERG: TROUBLE WITH EURO SETTLEMENTS
January 7, 1999
EURO BLAMED FOR VIOLENT CLASHES AT FRENCH POST OFFICE
January 7, 1999
EUROPEAN BANKS LOST TRACK OF BILLIONS OF GUILDERS
February 10, 1999
GLITCH CAUSES 4 BILLION EURO OVERDRAFT
April 12, 1999
EURO LAUNCH TOOK BRITISH BANKING TO BRINK OF CHAOS
Scramble for billions during two weeks of trading gridlock
May 14, 1999
NEW YORK, May 26 (Reuters) - Hours after Europe's single currency hit a fresh record low against the dollar, U.S. market analysts said the euro is destined to fall further, in part because European leaders appear ready to let it sink ...
Message 9786393
"An organisation made up of 170 of the world's most influential financial institutions, known as Global 2000, has started debriefing top European banks on the way in which the introduction of the euro was handled in the effort to build contingency plans [for Y2K]"... THE GUARDIAN
Cheryl
182 Days until 2000
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FINANCIAL MARKETS ARE NOT READY FOR YEAR 2000
BIS (Bank of International Settlements July 1, 1999
BASLE, Switzerland, July 1 (Reuters) - The world's financial markets are still not ready for the Year 2000 change and much work still needs to be accomplished, the Joint Year 2000 Council at the Bank for International Settlements said on Thursday ...
Message 10357354
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