Euro falls and markets nervous ahead of Slovakian vote

UPDATE: Jean-Claude Trichet calls for decisive action as Europe awaits a crucial vote and France says it will not let Greece fail

11th October, 2011
Jean-Claude Trichet

The euro has dropped from its highest level in almost three weeks against the dollars as the Slovakian parliament prepares to vote on approving the European Financial Stability Facility fund.

European stocks have also fallen amid uncertainty that Slovakia will ratify the euro area’s bailout fund. Slovakia is the only country in the 17-nation euro area that has not yet approved the re-tooled bailout fund.

Earlier, Jean-Claude Trichet, president of the European Central...

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