May 6, 2011
The euro has fallen sharply on the foreign exchange markets in late trading after reports Greece is preparing to leave the eurozone. Athens has denied the reports.
The Greek deputy finance minister, Filippos Sachinidis, told Reuters: "The report about Greece leaving the eurozone is untrue. Such reports undermine Greece and the euro and serve market speculation games."
The euro has had its worst week since January, and has fallen 1% to below $1.4400 after a report on the Der Spiegel website that a secret crisis meeting is being held in Luxembourg on Friday evening to discuss the situation of the heavily indebted Greek nation.
The report said that the Greek prime minister, George Papandreou, felt he had no option but to leave the eurozone and that Germany intended to prevent the country tearing up the decade-old single currency.
More
No comments:
Post a Comment