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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.33+5.2%Nov 26 4:00 PM EST

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To: lorne who wrote (37299)7/19/1999 9:25:00 AM
From: John Hunt  Read Replies (2) of 116770
 
Y2K bug will savage euro

<< The beleaguered euro is poised to plunge to new lows because of fears that banks in southern Europe will not be ready to beat the millennium computer bug.

City experts forecast that big international investors will plough billions into US dollar-denominated assets this autumn in a 'flight to quality' out of the single currency.

They fear that financial institutions* in southern Europe are failing to take the necessary steps to avert the huge problems looming if computers are not adjusted to recognise the date change to the year 2000 ... more ... >>

financialmail.co.uk

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