Greek failure on spending cuts hits euro

The euro fell for the first time in four days versus the dollar as Greece’s coalition failed to reach a deal on €11.5 billion of spending cuts.

10th September, 2012
The euro slid against most of its 16 major peers.

The euro fell for the first time in four days versus the dollar as Greece’s coalition failed to reach a deal on €11.5 billion of spending cuts, renewing concern that the debt crisis is deepening.

Greek Prime Minister Antonis Samaras is due to meet officials from the euro area, the European Central Bank and International Monetary Fund today. French Finance Minister Pierre Moscovici told journalists in Paris that the prospect of Greece leaving...

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