Archive for March 6th, 2010

Greece pushed the EUR to a 10-month minimum

Saturday, March 6th, 2010

eurThe single European currency fell to its lowest value for the last 10 months because of continuing concerns about the fiscal crisis in Greece, reported the site of the British radio BBC. Burden of 300 billion euro obligations, which is our southern neighbor, the euro exchange rate fell to levels of 1.3436 EUR / USD, which is the lowest point for the single currency in May 2009. At the same time British pound continues to be marketed for the sixth consecutive day in the red sector against the dollar. Today the pound is a decrease of 0.4% to 0.9053 USD / GBP. Recorded by the BBC that Britain and the euro area Member States - Greece, Spain and Portugal, have serious obligations which nervous financial markets because of concerns that they may have problems with their payments. It is expected that Prime Minister Georgeos Papandreou of Greece to visit Germany’s Chancellor Angela Merkel in Berlin on Friday.
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