Euro Faces First Test Amid Breakdowns, Robberies

Published: 3 January 2002 y., Thursday
The euro got its roughest start in Austria, where the country's 2,400 cash machines broke down because of overuse by customers trying to get new euro notes. The Austrian press agency APA said the machines stopped working at 1315 GMT (9:15 am EDT) when a central computer crashed. The breakdown was caused by the unusually high number of transactions, and the problem was fixed shortly afterwards. A number of major robberies also hit Europe's new currency as it went into circulation across most of the European Union. In Greece, a gunman stole $68,400 worth of euros from a post office savings branch, and thieves hit a rural bank and an ATM machine in Ireland. Brandishing a pistol, a man forced a cashier at the savings branch in the northern Athens suburb of Holargos to fill two bags with euro notes before fleeing on foot, police said. He also stole a small amount of drachmas, which are still legal tender until the end of February. No one was injured. In Ireland, three assailants, two of them armed with a hammer and a knife, threatened staff at a branch of Allied Irish Banks before grabbing about 2,000 euros, worth $1,800, from a till and escaping in a waiting car. Already on Monday, a German bank robber seized tens of thousands of euros hours before the midnight launch of the single currency. The cash, stored in a savings bank in the northern German town of Pinneberg, was sealed in plastic and had just been delivered by the regional central bank for public distribution. Elsewhere in Europe, confusion, angry scenes at cash registers and resignation were on the menu, although things remained relatively orderly and legal.
Šaltinis: foxnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Volcanic ash cloud crisis: Commission outlines response to tackle the impact on air transport

European Commission Vice-President Siim Kallas, responsible for transport, today presented to the College a preliminary assessment of the economic consequences for the air transport industry of the volcanic ash crisis. more »

EU draft budget 2011: The future beyond the crisis

Boosting economic recovery, investing in Europe's youth and in tomorrow's infrastructures are the priorities of the 2011 draft budget adopted by the Commission on 27 April 2010. more »

Vice President Almunia welcomes Visa Europe's proposal to cut interbank fees for debit cards

European Competition Commissioner Joaquín Almunia welcomes proposed commitments by Visa Europe to significantly cut its multilateral interchange fees (MIFs) for debit card payments. more »

Volcano impacts flower business

Because of the Icelandic volcano, flower growers in Colombia couldn't get their stems to markets in Europe. more »

Salgado expresses conviction that all EU countries will support aid for Greece

The Second Vice President of the Spanish government and Minister of Economy and Finance, Elena Salgado, on Sunday played down the importance of apparent fissures within the EU concerning the Greek financial crisis, expressing her confidence that all countries would support the aid package for this country, which will be accompanied by a tough budget-tightening plan. more »

The European conformity mark

Commission launches an information campaign on the CE conformity mark - designed to ease the free movement of goods around Europe and protect consumers. more »

Airport security - who will foot the bill?

If Europe's airports ever open again the introduction of new security measures like body scanners will be expensive. more »

Learning the lessons from Greece

After Eurozone Finance Ministers agreed measures to address Greece’s financial woes last Sunday, MEPs quizzed leading economic figures, including the chairman of Goldman Sachs - former financial advisors to the Greek government - on how to strengthen EU economic governance and improve reporting of national statistics. more »

A new strategic vision for the EU's Tourism Policy

The European Tourism Stakeholders Conference, being held in Madrid today and tomorrow, will explore ways and means to strengthen the visibility of tourism at a European level and to verify how the actions to promote a competitive EU tourism industry. more »

EBRD, IFC, FMO, and ADM Capital Launch Fund to Help Companies in CEE, Central Asia, and Turkey Recover from Crisis

The European Bank for Reconstruction and Development (EBRD), World Bank Group member IFC, and The Netherlands Development Finance Company (FMO) have joined up with the Asia Debt Management Hong Kong (ADM Capital) to establish a regional fund to invest in midsize companies facing financing difficulties as a result of the financial crisis. more »