The European Central Financial institution’s funds crash final week meant salaries and welfare funds had been delayed for hundreds of individuals. It might have been a lot worse.
If the identical disruption had struck, or persevered into, the next day – the top of the month, and payday for a lot of public-sector staff, pensioners and welfare recipients – the mayhem might have hit tens of millions of individuals and companies, and strained the banking system.
The submit How ECB dodged a payment disaster in 10 hours of tech meltdown appeared first on Reuters Best.
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