Fear trade builds momentum
The euro fell to its lowest level in four months as investors reassessed the implications of a Greek withdrawal from the EMU, writes Vincent Killeen.
The euro fell to its lowest level in four months as investors reassessed the implications of a Greek withdrawal from the EMU.
ECB president Mario Draghi acknowledged for the first time that Greece could leave the monetary union, however, it was the banks' "strong preference" that Greece stays in the 17-nation euro area. The ECB confirmed it is conducting a comprehensive review of all its policy tools and has no immediate plans to increase stimulus...
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