Single Currency Wake Up Call Issued To US Institutional Investment Companies

MANAGEMENT & INFRASTRUCTURE

North American money managers risk not having their systems modified in time for the European Monetary Union's adoption of the single currency, the euro, on January 1, 1999, warn some industry consultants and systems vendors. With the conversion scheduled exactly one year before the Year 2000 deadline, the euro threatens to sock information technology budgets with a one-two punch at a time when many companies still find themselves short of experienced Cobol programmers for their Y2K projects

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