Euro Slips on Disagreement Between EU Policy Makers
The euro slid today as the European policy makers were divided on today’s meeting in their opinion on how to deal with the Eurozone
The official of the European Union met today in Brussels to discuss the possible ways out of the debt crisis. Didier Reynders, the Belgian Minister of Finance, whose country holds the EU presidency until the end of this year, proposed to increase the €750 billion ($1 trillion) bailout fund. Angela Merkel, the Chancellor of Germany, and Nicolas Sarkozy, the President of France, were opposed to this proposition.
EUR/USD fell from 1.3407 to 1.3311 as of 10:06 GMT today.
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Earlier News About the Euro:
- Euro Rises on German Grow. Can Rally Be Sustained? (2010-12-03)
- Euro Rises Before ECB Meeting, But Rally May Be Short-Lived (2010-12-01)
- Euro Falls After Ireland Receives Bailout (2010-11-29)
- Euro Slips on Strikes in Portugal & Ireland (2010-11-25)
- Euro Slumps as Worries About Debt Crisis Reemerge (2010-11-23)