May 7, 2011
The euro has fallen by more than 1% against the dollar, following a report that Greece had raised the possibility of leaving the single currency.
German magazine Der Spiegel reported that a meeting was taking place on Friday evening about Greece readopting its own currency.
The claim was vigorously denied by Greece and Germany.
However it was later confirmed that ministers from five eurozone countries were meeting in Luxembourg.
The countries - Germany, France, Italy, Spain and Greece - were said to be discussing EU issues, including the financial situation of Portugal, Ireland and Greece.
Greece denounced the Spiegel report about the possible exit of Greece from the Eurozone as "not only completely untrue but also written with incomprehensible flippancy despite repeated denials by the Greek Government as well as other EU Member States".
"Such articles are not only provocative but also highly irresponsible as they undermine Greece's efforts and those of the Eurozone and serve only the interests of speculators.
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