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

EBRD makes equity investment in Croatian geodetic company

The EBRD is making a €4 million equity investment in Geofoto, a Croatian geodetic company offering mapping, geodetic survey, photogrammetry, geoinformatics and aerial survey services, to support its drive to expand operations on international level. more »

Strong year - risk-adjusted profit up 22%

Nordea came out of 2009 in an even stronger position, despite one of the most challenging years for decades. Risk-adjusted profit increased 22% and our capital position and cost of funding are among the best in Europe. more »

Small business start-ups by the unemployed: deal agreed on funding

MEPs gave the green light on Thursday for EU funding to help Europe's unemployed start up small businesses. more »

Yemen: international efforts needed to prevent crisis escalation

MEPs are deeply concerned about the long-standing and growing presence of al-Qaeda, and the deteriorating security, social and economic problems in Yemen, which they think could destabilise neighbouring countries. more »

Africa: Fighting the Global Economic Crisis through Private Enterprise, Innovation and Integration

At the start of a new decade, Sub Saharan Africa is reeling from the effects of three major global crises – food, fuel and financial – that have reversed many of the economic achievements of the last 10 years and left some growth projections at levels below those of 30 years ago. more »

5th High-level Seminar of Central Banks in the East Asia-Pacific Region and the Euro Area

The 5th High-level Seminar of Central Banks in the East Asia-Pacific Region and the Euro Area was jointly organised by the European Central Bank and the Reserve Bank of Australia, in cooperation with the Hong Kong Monetary Authority. more »

EBRD and EFSE support micro and small businesses in Moldova

The EBRD and European Fund for Southeast Europe are boosting the availability of financing to private businesses in Moldova with a $10 million loan to ProCredit Bank in Moldova for on-lending to micro and small enterprises. more »

EBRD finances new shopping centre in Croatia

The EBRD is supporting the development of the retail infrastructure in Croatia with a €68 million loan to finance the construction of a modern shopping centre in Split, the second largest city in Croatia. more »

EBRD agrees to sell 15 percent stake in Swedbank’s Russian banking arm

The European Bank for Reconstruction and Development has agreed to sell its 15 percent stake in OAO Swedbank Russia to its parent and major stakeholder, Sweden’s Swedbank AB, a move which would give it full ownership of its Russian subsidiary. more »

Ministers of Industry agree that the European Commission should promote a common strategy on electric cars

The Ministers of Industry took the first steps in San Sebastián today to make the electric vehicle a reality in Europe and agreed that European institutions, with the EC at the head, should lead a common strategy on electric vehicles. more »