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.

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