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To: Zardoz who wrote (37938)	7/28/1999 1:34:00 PM
From: Gary H	Respond to of 116762

I have just been watching the Geenspan testimony to the Senate Humphrey-Hawkins committee and one of the Senators (?) who chairs the Y2K committee stated that 9 of the 39 industrialized nations surveyed were at medium to high risk of experiencing failures in telcomm, energy and water. In addition 52 of the 68 developing nations had a similar high levels of risk of breakdowns in these sectors and refereed to the latest Merrell Lynch study where they talk about a major liquidity problem arising in certain parts of the world because of the Y2K problem.