Where the Big Bang Will Be Deafening: In financial services, the euro watershed will come on New Year's Eve-presto

All over Europe and as far away as Tokyo and New York, the countdown to the euro is in its final days at banks, insurance companies, and stock exchanges. Weekend trials are taking place everywhere to prepare for what is being called Big Bang weekend - the 90-hour period when one of the most awesome...

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Bibliographic Details
Published in:Bloomberg businessweek (Online) 1998-12 (3608), p.64
Main Author: Thane Peterson in Amsterdam, with Margaret Popper in Madrid, Andrew Osterland in Chicago, and Brian Bremner in Tokyo
Format: Magazinearticle
Language:English
Subjects:
Conversion
Economic impact
Euro
International finance
Securities industry
Stock exchanges
World history
Online Access:Get full text
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Summary:All over Europe and as far away as Tokyo and New York, the countdown to the euro is in its final days at banks, insurance companies, and stock exchanges. Weekend trials are taking place everywhere to prepare for what is being called Big Bang weekend - the 90-hour period when one of the most awesome financial projects in world history will be launched. Unlike consumers and corporations, which will be able to cling to the old currencies a bit longer, finance houses have no choice about whether or not they will be euro-ready.
ISSN:0007-7135
2162-657X