Four months later, it's clear that we don't need these rations. Rather than force yourself or your employees to eat tinned food for the next year, America's Second Harvest accepts surplus emergency supplies for its food banks. It coordinates a network of more than 50,000 local charities across the United States, all of which run food banks and will be happy to take unwanted Y2K supplies. He warned that European nations would not be able to accomplish both goals, and that their economies would be damaged as a result. Like the rest of the world, Europe escaped significant Y2K breakdowns, but the effect of the changeover to the euro is not yet apparent.
Most economic forecasts are less than accurate even with the most powerful software.
Unlike Y2K, however, euro conversion isn't just a one-off event. The first compliant countries are currently close to halfway through a three-year conversion period, during which their own currencies will exist alongside the euro. After that, the euro aims to swallow up more national currencies. Many of these belong to Eastern European countries that already use euros or dollars informally, but they also include important financial centers like the United Kingdom and Switzerland. United Kingdom, Sweden, and Norway adopt euro.