The euro is not just a computer problem, like the year-2000 bug, but many U.S. banks are treating it that way, a software executive says.

The people in charge of euro projects should be financial or business people, not technical people, said John Wookey of Oracle Corp. last week at a New York conference on the euro.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.