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Buzz 07/02

The experts' take on the euro overhaul, why the SEC is setting up fake sites and more

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This story appears in the July 2002 issue of Entrepreneur. Subscribe »

Euro-phoria?

Old currencies die hard, but they do die. On January 1, after years of heated argument and fear, the euro finally replaced the currencies of most European countries. After predictions about the havoc the currency overhaul would bring, the impact fizzled. "Our contracts were in lira," says Rich Jachetti, president of Teaneck, New Jersey-based Ultimate Artisans Inc., an importer of objects made by Italian artisans. "So I had to get euro prices and redo our agreements. But it hasn't been a major problem."

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