Reported about 8 hours ago
The European Central Bank (ECB) faced a significant technical failure last week that delayed payments for thousands, risking a widespread crisis if the outage had extended into payday. Swift action from ECB and euro zone officials, including a diagnosis of malfunctioning hardware and their activation of emergency measures, prevented further chaos. However, many people in Greece and Austria still faced delays in receiving salaries and welfare payments. The incident has raised questions about the reliability of critical financial infrastructure and the adequacy of backup systems.
Source: YAHOO