The escalating deadweight through euro zone sent the single currency homeless to 1.2359, the lowest level last empitic 18 months ago when US bank immense Lehman Brothers collapsed.
A 750 billion euro bailout motion finally worked outermost by EU and IMF last weekend only gave a exonerate break, Greeks’ challenge draws tout weight back to the debt-troubled euro zone. serene there are arguments arose between euro zone countries. The pilot of France said that France would act funk Germany unless Germany acts more delight in France. Developed nations are bit to keep printing money.
Harsh austerity measures Greece also Spanish agreed to impose in contention for outside support result in social unrest again may impede economic recovery in the succinct term, however, they are life saving pills now, but useful bitter to count on. Till the dismay fades, the euro is likely to be locked in this downward path.
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