Euro weakens as Greeks struggle to form government

The euro weakened for a seventh day against the dollar as Greek politicians struggled to form a new government. Elections at the weekend raised the prospect of the country withdrawing from the currency bloc.

8th May, 2012
Investors fear that Greece is on its way out of the euro.

The euro weakened for a seventh day against the dollar as Greek politicians struggled to form a new government. Elections at the weekend raised the prospect of the country withdrawing from the currency bloc.

The euro extended its longest run of declines against the dollar since September 2008 as German Chancellor Angela Merkel rejected government stimulus as the way to spur economic growth, setting up a clash with French president-elect Francois Hollande.

“Because people don’t know...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago