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Letter From the Editor
Nick Jones - 9 October 2001
1 January 2002 marks the culmination of one of the world's most ambitious political and economic endeavors, as Europe's new currency the euro finally becomes tangible. Currencies such as the franc, deutschemark and lira will be retired and replaced by new euro notes and coins. From the viewpoint of European organizations and governments, the end of 2001 and the first few months of 2002 will mark the culmination of a huge business and IT conversion program that, for many, has been more expensive than preparing for Year 2000.
Although most European organizations have completed the bulk of their euro-compliance programs, this is not a time for complacency. There is still much work remaining; for example, many organizations still have final data conversion and package conversions to complete. Europe's large corporations are relatively well-prepared, but some government agencies and smaller enterprises are not as advanced as they should be; so even those organizations that are confident of their own preparations may still be vulnerable to issues that might arise in their trading partners. Read more
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