{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='UK: REACTIONS TO LAUNCH OF EURO' data-url='/boclips/videos/5c54c522d8eafeecae16debc' data-video-url='/boclips/videos/5c54c522d8eafeecae16debc' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUK: REACTIONS TO LAUNCH OF EURO\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatFor thousands of workers in the City of London, New Year's Day wasn't spent the traditional way - recovering from the night before.Instead, they found themselves in front of computer terminals, getting adjusted to the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eFor thousands of workers in the City of London, New Year's Day wasn't spent the traditional way - recovering from the night before.\u003cbr/\u003eInstead, they found themselves in front of computer terminals, getting adjusted to the Euro.\u003cbr/\u003eMany offices and businesses stayed open round the clock as the city raced to update the computer systems in time for the opening of the markets on Monday.\u003cbr/\u003eIt was a frantic New Year's day for financial workers in London who had to adapt computer systems to convert stocks, bonds and bank accounts into euros.\u003cbr/\u003eExtra train services were laid on to facilitate commuting to the City, the business district of London.\u003cbr/\u003eBut while most said they couldn't wait for the conversion to be completed, it didn't stop many from celebrating New Year's Eve.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"I have a stinking hangover -- I feel dreadful.\"\u003cbr/\u003e(Q: So what sort of work are you doing today?)\u003cbr/\u003e\"Conversion work - getting the bank ready for the Euro.\"\u003cbr/\u003e(So you are one of the few that did not allow the conversion to disrupt your celebrations?)\u003cbr/\u003e\"Well, I held back a little but not much.\"\u003cbr/\u003eSUPER CAPTION: Vox Pop, City worker\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e(Q: What are you doing today?)\u003cbr/\u003e\"Converting the front office trading system to the new technology.\"\u003cbr/\u003e(Q: How has it gone so far?)\u003cbr/\u003e\"We have had four dress rehearsal weekends - it's the fifth time we are doing it, so its routine.\" \u003cbr/\u003eSUPER CAPTION: Vox Pop, City worker\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"People have been preparing since the beginning of October so we just want to get it over with - three more days.\"\u003cbr/\u003eSUPER CAPTION:  Vox Pop, City worker\u003cbr/\u003eThe single currency was launched at 2300 G-M-T on Thursday after E-U finance ministers set the irrevocable conversion rates between the Euro and currencies from the 11 nations participating in the shared currency.\u003cbr/\u003eSo far, the conversion process seems to have gone according to plan.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"It has all gone very well so far. We started last night. All the work that needed to be completed overnight  has been completed on schedule or ahead of schedule and our offices overseas that have been reporting in - for example Hong Kong - and have been reporting a satisfactory Euro conversion so far.\"\u003cbr/\u003eSUPER CAPTION: Peter Letley, Managing Director, HSBC Investment Bank\u003cbr/\u003eEven though Britain has held back on joining the Euro, the fact that 11 other countries did become founding members will keep British banks busy. \u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"I think in terms of project planning it is probably the biggest project we have done. But of course most of the work was done last year. And the  implementation, as its now going relatively smoothly, is not so big. In terms of Europe as a whole it certainly a massive change and the biggest thing I think that the European Community  has ever attempted to do.\"\u003cbr/\u003eSUPER CAPTION:  Peter Letley, Managing Director, HSBC Investment Bank\u003cbr/\u003eHotels in the City have benefited from the extra trade created by Euro workers.\u003cbr/\u003eSome companies provided staff with accommodation over the holiday weekend to ensure they got to work on time and met their deadlines.\u003cbr/\u003eMany hotels were fully booked.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"It is booked through our head offices three months ago. It has 90 rooms. Its booked all weekend and it is very good for our business because it is very quiet during winter time.\"\u003cbr/\u003eSUPER CAPTION: Claire Tettey, Customer Relations Manager, Barbican Hotel\u003cbr/\u003ePubs and restaurants too enjoyed a roaring trade on New Year's day.\u003cbr/\u003eMost venues like this one close at weekends and holidays as the City empties.\u003cbr/\u003eBut the rush to complete the Euro conversion for trading on Monday could see some pubs staying open well into the evening.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"People seem quite keen to come into work in a strange sort of way. They seem to have brain washed themselves into the fact that it is going to be quite a good day, away from the usual office routine, and a bit of fun. So hopefully we will be seeing a few of them down here later on tonight. \u003cbr/\u003eSUPER CAPTION: Elton Mouna, pub owner\u003cbr/\u003eThe European Union represents 20 percent of the world's economic output and 18 percent of world trade. \u003cbr/\u003eThe Euro zone will be a powerful new player in the world economic game, giving the U-S dollar a serious rival as the currency of choice for trade and government reserves.\u003cbr/\u003eFounding Euro members include Austria, Belgium, Germany, Finland, France, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.\u003cbr/\u003e London, UK- 1 January 1999 \u003cbr/\u003e1. Shot of Bank underground tube station with Bank of England in background\u003cbr/\u003e2. New Year's day commuters in tube \u003cbr/\u003e3. Various of workers walking up escalator\u003cbr/\u003e4. SOUNDBITE (English) Vox Pop\u003cbr/\u003e5. SOUNDBITE (English) Vox Pop\u003cbr/\u003e6. SOUNDBITE (English) Vox Pop\u003cbr/\u003e7. Workers clocking in at HSBC bank  \u003cbr/\u003e8. Canteen staff in kitchen\u003cbr/\u003e9. Various of workers being served breakfast.\u003cbr/\u003e10. Trading floor\u003cbr/\u003e11. SOUNDBITE (English) Peter Letley, Managing Director, HSBC Investment Bank\u003cbr/\u003e12. Cutaway to bank workers\u003cbr/\u003e13. SOUNDBITE (English) Peter Letley, Managing Director, HSBC Investment Bank\u003cbr/\u003e14. Pull back from trading floor\u003cbr/\u003e15. Exterior hotel\u003cbr/\u003e16. SOUNDBITE (English) Claire Tettey, Customer Relations Manager, Barbican Hotel   17. Pull back from city streets, woman walking \u003cbr/\u003e18. Exterior Fleetwood pub\u003cbr/\u003e19. Pub city workers drinking   \u003cbr/\u003e20. Wide of bar \u003cbr/\u003e21. Set up shot for soundbite\u003cbr/\u003e22. SOUNDBITE: (English) Elton Mouna, Pub owner\u003cbr/\u003e23. City trading floor \u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1998\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003ewestern europe, business, terms, europe, restaurants, london, england, night, work, time\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='additional-tags-heading'\u003eAdditional Tags\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list keyterms' data-identifier='Boclips::VideoDecorator' data-type='keyterms'\u003eunited kingdom, schedule, euro, today, fact, weekend, investment banking and brokerage, good, banking and credit, new year\u0026#39;s day, financial markets, travel, food and drink, routine, hotels and resorts, accommodations, lifestyle, currency markets, booked, occasions, completed, industries, financial services, reporting\u003c/div\u003e\n\u003cdiv class='keyterms-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: 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