A Review Of Y2K
A Review Of Y2K
Blog Article
In western Europe the European Commission issued a report warning that initiatives to resolve Y2K in lots of European Union member nations around the world have been insufficient, significantly in terms of the cross-border cooperation needed to be Completely ready by 2000.
The apply of making use of two-digit dates for advantage predates desktops, but was hardly ever a difficulty right up until stored dates ended up Employed in calculations.
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Recognizing most large banking institutions ran on dated desktops and systems, it was not irrational for depositors to worry the Y2K situation would seize the banking process up, thus blocking people today from withdrawing money or partaking in important transactions.
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Critics argued that even in nations the place hardly any had been completed to fix application, challenges ended up small. A similar was true in sectors including schools and modest businesses exactly where compliance with Y2K policies was patchy at best.
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