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

Central Government Debt in January

According to the data presented by the Ministry of Finance, in end-January central government debt made up LTL26, 310.8 million or 28% of projected GDP for 2010 (LTL 93, 819 million). more »

China crisis getting worse

As far as countries affected by the economic crisis, China fared extremely well. more »

State aid: Commission authorises temporary Slovak scheme to grant limited amounts of aid of up to €15,000 to farmers

The European Commission has authorised today a Slovak scheme with a budget of approximately €3.32 million which aims at supporting farmers in Slovakia who encounter difficulties as a result of the current economic crisis. more »

Europe 2020: Commission proposes new economic strategy

Commission sets out a 10-year strategy for reviving the European economy, casting a vision of ‘smart, sustainable, inclusive' growth rooted in greater coordination of national and European policy. more »

Europe 2020: Commission proposes new economic strategy in Europe

The European Commission has launched today the Europe 2020 Strategy to go out of the crisis and prepare EU economy for the next decade. The Commission identifies three key drivers for growth, to be implemented through concrete actions at EU and national levels. more »

EU Aid Programme for Turkish Cypriot Community

Launching of the “SCHOOLS’ initiative for innovation and changes” Grant scheme. more »

Transaction tax and debt moratorium needed to meet development needs, say MEPs

EU Member States must not only deliver on their international aid pledges, but also bring in a financial transactions tax and a temporary debt moratorium, to help developing countries to cope with the effects of the global financial and economic crisis, said the Development Committee on Monday. more »

EBRD offers new funds to promote sustainable energy investments in Slovakia

The EBRD is increasing its commitments to promote sustainable energy projects in Slovakia with a new €90 million funding under the existing Slovakia Sustainable Energy Finance Facility (SLOVSEFF) to ensure continuous implementation of energy efficiency and small renewable energy projects. more »

During 2009 Bank SNORAS earned LTL 8.7 million profit

According to the unaudited data, in 2009 AB Bank SNORAS earned LTL 8.7 million profit. The bank’s assets grew by 11 per cent up to LTL 6.342 billion during 2009 and were by LTL 647.8 million larger than at the beginning of 2009. more »

Airport charges: security is Member States' responsibility, say MEPs

Aviation security measures that go beyond common EU requirements should be paid for by Member States, not by passengers, said Transport Committee MEPs in a vote on Monday that could put Parliament on a collision course with the Council of Ministers. more »